The word ‘Board’ originally referred to the table around which a council sat. It was sometimes used in the 19th century to refer to a meeting of directors: when directors met they were said to ‘hold a board’-hence the term ...

A limited liability partnership (LLP) is apartnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore can exhibit elements ofpartnerships and corporations. In a LLP, eachpartner is not responsible or liable for anotherpartner's misconduct or negligence. A limited liability partnership (LLP) is a partnership in which ...

The basic feature of corporate personality is that the corporation is a legal entity distinct from its members. The main advantage that it is capable of having rights and of being subject to duties which are not identical as those ...

A legal obligation of one party to act in the best interest of another. The obligated party is typically a fiduciary, that is, someone entrusted with the care of money or property. Also called fiduciary obligation. A fiduciary is a person who holds a legal or ethical relationship ...

Business Information Systems. The major in Business Information Systems is concerned with the study of business information and its production, flows and usage within organisations. It encompasses both manual activities and those involving computing and telecommunications. Business information systems are sets of ...

To obtain the registration of a company, an application needs to be filed to the Registrar of Companies (ROC) and the application must be accompanied by Memorandum of association (MOA), articles of association and an agreement if any which the ...

Agency Theory Agency theory defines the relationship between the principals (such as shareholders of company) and agents (such as directors of company). According to this theory, the principals of the company hire the agents to perform work. The principals delegate ...

Choose a State The Where the Business Will Be Incorporated: “The state that you choose should provide your business with favorable laws that will help your company once it is incorporated. Once you have chosen, visit the website of the ...

A trademark, trade mark, or trade-mark is a recognizable sign, design, or expression which identifies products or services of a particular source from those of others, although trademarks used to identify services are usually called service marks. While a patent protects utilitarian inventions--the design and ...

Shareholder wealth is the appropriate goal of a business firm in a capitalist society. In a capitalist society, there is private ownership of goods and services by individuals. Those individuals own the means of production to make money. The profits from ...