BUSI 2601 Lecture Notes - Lecture 7: Funtime (Manufacturer), Natural Person, Transfer Tax
3 Dec 2015
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Tv show, start own tv show, think ahead of time, journalism- need to let computer , web, internet, radio, tv,- money investment. Corporation do it 5 reasons: separate liability. Here is a creation of a legal identity that will have the same right as a natural person. It can not adopt children, can not deal state as person, can not have family relation. E,g: volkswagen- if admit fault, just pay fine. 2016 cars have the faulty software: limited liability. Thrown from reverse bungee, bungee not maintain properly bungee get loose. 21 year old kid died, company charged with failing to follow proper procedure in attacking charron in harness. Because canadian company renting equipment from us company. If franchise you need to guarantee business agreement. Agreement make you personally liable: give you access to capital(buy shares to make money) The value of his shares of youtube, larger than his earning from his uz band.
