Its True: Corporations Are People

Bachan Bhushan Tiwari Article Review 2 FIN 6186. E1 August 7, 2012 Its straight: Corporations are people According to Ross, Jordan and Westerfield (2011), a society is an important random variable of business organization which plagiarize end act as a separate judicial person separate and distinct from its makeers, and it has many an(prenominal) of the rights, duties, and privileges of an actual person. Corporations end borrow m geniusy and own property, can sue and be sued, and enter into contracts just as a person. A union can even be a general colleague or a limited partner in a alliance, and a tidy sum can own in another(prenominal) corporation (Ross, 2011). The ownership of the corporation depends on the number of shares possess by an soul. A corporation is too considered as an entity because the corporation is not tied to any one person or group of persons like a partnership or a sole proprietorship but it exists individually from its officers, board of directors and shareholders as a distinct form. The several advantages much(prenominal) as Limited liability, tenacity and Limited rights as a Person make corporations sweet to investors. Basically, a corporation offers shares of the corporation to the general universe at a certain monetary value to raise the gravid of the company.

These shares can be bought and sold by the general public and the corporation whenever they want. One of the major single out of considering a corporation as a person is simulacrum tax. Double taxation means the corporation is taxed as an individual and the stockholders are also taxed separately for the dividends they receive from the corporation.! another(prenominal) disadvantage is the patchy pay structure between the high management and the visit level workers. In the article, Its accredited: Corporations are people, senatorial candidate Elizabeth Warren backfired Mitt Romneys statement which verbalise that Corporations are people. She says, People rescue hearts. They have kids. They doctor jobs. They personate sick. They love and they cry and...If you want to get a wide-cut essay, order it on our website: BestEssayCheap.com

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