A corporation is a company or group of people authorized to act as a single entity
(legally a .... The advantage of establishing a company as a separate legal
person was ... a unified entity under w...
Definition of separate legal entity: A legal entity, typically a business, that is
defined ... A creative term to describe when an investor chooses to attend
shareholder ... All general partners take active part in the firm's management, are
jointly and ...
The recognition that a corporation is a separate legal entity in its own right is the
... aggregate theorists who praise the role of the Salomon principle in assisting
the ... liability reduces the need to monitor management and other shareholders.
Nov 3, 2013 ... The idea of a company is that it has a separate legal personality to its members
or directors. ... claims - the fact that the company has a separate identity partitions
this asset ... private companies where the shareholders and directors are pretty
much ... Another important case was Lee v Lee's Air Farming Ltd :.
A legal entity that is separate and distinct from its owners. ... The most important
aspect of a corporation is limited liability. ... A corporation is created (incorporated
) by a group of shareholders who have ownership of the corporation, ... receiving
one vote per share) who appoint and oversee management of the corporation.
Home / Practice Management ... Although a sole proprietorship is not a separate
legal entity from its owner, it is a separate ... While this seems very similar to a
limited partnership, there are significant legal and statutory differences. ...
Stockholders' are protected from liability and those stockholders who are also
While a shareholder can participate wholly in the growth of a company, his or her
liability ... an incorporated company is treated as a separate and independent
legal entity. ... In its simplest form, asset/liability management entails managing
assets and ... Unlimited liability means that the owners of a business are liable for
Sep 28, 2007 ... It is worthy of note that although a separate legal entity, a company or .... making
two of his sons directors, and he himself managing director. ... Secondly, it
established the important doctrine that shareholders under common ...
A majority shareholder of his ... arrangements and most important, whether he
continues to work for the company or not. ... legal entity from its shareholders and
directors. Second, a director and managing ... separate potential question
Aug 23, 2012 ... continuity of life,; centralization of management,; limited liability, and; free
transferability of interests. As a separate legal entity, the corporation has a
perpetual life. ... Corporate shareholders are generally not responsible for the
debts ... it is important that the corporation observe all the formalities of b...