Public disclosure laws refer to companies and organizations that are privately owned and, therefore, do not have to disclose financial and operating details in most cases. These laws are important because they allow companies and organizations to decide what information, if any, should become public knowledge.Know More
Companies and organizations that are publicly owned, however, are forced to share specific information about their operating results, management compensation and financial conditions. These laws are applicable to all publicly shared companies regardless of whether they are small or large businesses. These laws were created to ensure that stockholders know what is going on with the companies that they have invested in. Some companies choose to remain private so that they can avoid these laws.
Another law that is similar to the public disclosure laws is the Sarbanes-Oxley Act. This Act was created when Enron filed for bankruptcy in 2001. It was the largest bankruptcy filing in history at that point and cost Enron's investors billions. Not only did the bankruptcy hurt investors, but employees lost their life savings as well as their jobs. It could have been prevented if there were regular audits that had showed the financial decline of the company. The data was hidden due to corrupt practices by Enron management. The Sarbanes-Oxley Act addresses these corrupt business practices and makes them virtually impossible, in order to protect both investors and employees.Learn more in Law
An invention disclosure form is the paperwork filed to a patent office that supplies all of the details of an inventor's work. The form includes all relevant information, such as who the inventor is, what materials are included in the invention and how the invention works.Full Answer >
The laws concerning abandoned vehicles vary somewhat by state, but in most cases, the owner of the private property needs to get in touch with law enforcement to remove an abandoned vehicle. If the private property owner contacts a towing company, the towing company must then contact law enforcement. Another option is for the property owner to obtain the title of the abandoned vehicle and then decide what to do with it.Full Answer >
Due to the Supremacy Clause in the United States Constitution, federal law overrides state law in most cases. The Supremacy Clause is closely related to the idea of preemption.Full Answer >
Though it may also be referred to as a charter or code, in most cases a constitution is the written plan of government for a given country. Within a nation's constitution are the fundamental principles and laws designed to govern the people, as well as the methodology and government structure by which the constitution is to be enforced, interpreted and changed.Full Answer >