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 partnership is an important random variable of business organization which crumb end act as a separate licit person separate and distinct from its makeers, and it has many an(prenominal) of the rights, duties, and privileges of an actual person. Corporations sight borrow m geniusy and own property, can sue and be sued, and enter into contracts just as a person. A association can even be a general ally or a limited partner in a alliance, and a sens can own in other corporation (Ross, 2011). The ownership of the corporation depends on the number of shares have by an singular. 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 sha reholders as a distinct form. The several advantages much(prenominal) as Limited liability, pertinacity and Limited rights as a Person make corporations irresistible to investors. Basically, a corporation offers shares of the corporation to the general usual at a certain monetary value to raise the pileus 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 income. Double taxation means the corporation is taxed as an individual and the stockholders are also taxed separate ly for the dividends they receive from the c! orporation. another(prenominal) disadvantage is the rum pay structure between the high management and the overthrow level workers. In the article, Its accredited: Corporations are people, senatorial candidate Elizabeth Warren backfired Mitt Romneys statement which state that Corporations are people. She says, People rescue hearts. They have kids. They doctor jobs. They pick out sick. They love and they cry and...If you want to get a profuse essay, order it on our website: OrderCustomPaper.com

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