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Corporationgroup 3

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Radhel Faith Tolo
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19 views11 pages

Corporationgroup 3

Uploaded by

Radhel Faith Tolo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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CORPORATION

GROUP 3
Member:
Jhonrey Espelita
Jeff Lagaspan
Shaida Mae Hanlay
Vhenice Ayuhan
Leramae lake
Aldwin placer
Quenny abejuela
Raymart pedisani
Charles Borenaga
CORPORATION:
A corporation is an organization—
usually a group of people or a
company—authorized by the state to
act as a single entity (a legal entity
recognized by private and public law
as "born out of statute"; a legal
person in a legal context) and
recognized as such in law for certain
purposes.
 [1.]10 Early incorporated entities were
established by charter (i.e., by an ad
hoc act granted by a monarch or
passed by a parliament or legislature).
Most jurisdictions now allow the
creation of new corporations through
registration. Corporations come in
many different types but are usually
divided by the law of the jurisdiction
where they are chartered based on two
aspects: whether they can issue stock,
or whether they are formed to make a
profit.
[2] Depending on the number of
owners, a corporation can be classified
as aggregate (the subject of this
article) or sole (a legal entity consisting
of a single incorporated office
occupied by a single natural person).
Registered corporations have legal personality
recognized by local authorities and their shares
are owned by shareholders[3][4] whose liability is
generally limited to their investment. One of the
attractive early advantages business corporations
offered to their investors, compared to earlier
business entities like sole proprietorships and
joint partnerships, was limited liability.
Limited liability separates control of a
company from ownership and means that a
passive shareholder in a corporation will not
be personally liable either for contractually
agreed obligations of the corporation, or for
torts (involuntary harms) committed by the
corporation against a third party (acts done
by the controllers of the corporation).
Where local law distinguishes corporations by
their ability to issue stock, corporations allowed to
do so are referred to as stock corporations; one
type of investment in the corporation is through
stock, and owners of stock are referred to as
stockholders or shareholders. Corporations not
allowed to issue stock are referred to as non-stock
corporations; i.e. those who are considered the
owners of a non-stock corporation are persons (or
other entities) who have obtained membership in
the corporation and are referred to as a member
of the corporation. Corporations chartered in
regions where they are distinguished by whether
they are allowed to be for-profit are referred to as
for-profit and not-for-profit corporations,
respectively.
Shareholders do not typically
actively manage a corporation;
shareholders instead elect or appoint
a board of directors to control the
corporation in a fiduciary capacity. In
most circumstances, a shareholder
may also serve as a director or
officer of a corporation. Countries
with co-determination employ the
practice of workers of an enterprise
having the right to vote for
representatives on the board of
History of Corporations
The history of corporations is deeply
rooted in legal and economic progress
over centuries. Here is a summary of
the evolution of corporations: The term
"corporation" originates from the Latin
word for body, signifying a collective
entity. Origins: The concept of
corporations dates back to the Roman
Empire and has evolved through
medieval Christendom to the present
day.
Role in Revolutions: Corporations have
played crucial roles in various revolutions,
including industrial, consumer, and financial
transformations. Legal Structures:
Corporations are characterized by legal
structures that provide limited liability and
juridical personality, enabling them to
operate as independent entities capable of
legal actions such as contract agreements
and legal proceedings. Regulation: The
evolution of corporations reflects a transfer
of power from governments to the courts
concerning the regulation and oversight of
corporate entities.
QUESTIONS:
1.what is corporation?
2.How has the relationship between
corporations and governments evolved over
time.
3.what is the history of corporations?
4.what is evolution of corporation?
5.What significant changes have occurred in
corporate structures and regulations in the 20th
and 21st centuries?
6.what is legal structures?
7.What is the benefit of Corporation?
8.what year does the South sea company was
THANK YOU!

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