Sunday, February 17, 2019
Intel The Corporation :: essays papers
Intel The CorporationA confederacy is a business that, although have by one or to a greater extent investors, de jure has the effectives and duties of an individual. Corporations have the right to buy, sell, and get property. Corporations may make legal contracts, hire and fire workers, chasten prices, and be sued, fined, and taxed. A business must obtain a select of incorporation from a state legislature or Congress to be legally recognized as a corporation.(Watson, p211) While corporations didnt exist until the mid(prenominal) to late 1800s, the idea of the corporation had existed since the early 1600s. It all started with English merchants who started duty companies to help fund the early colonies. If the colonies thrived, the stockholders reaped in the profit. (Watson, p211)A corporation is started when a sole proprietorship, a one-owner business, that is the most common form of business insane asylum in the US, or a partnership, an association of two or more people in order to run a business, decides that they dont want to be personally responsible for any loss the company might have. (Watson, p211) Or they might decide that they want the company to live on after they die, that is for the business to have unlimited life. Since neither of these goals can be reached with a sole proprietorship, or a partnership, the owner (or owners, as the pillow slip may be) decide that he (they) want to convert their business to a corporation. The owner(s) file a charter of incorporation from the government to be legally recognized as a corporation. (Boyd, March, 99) The owner(s) then sell shargons of stock, documents representing ownership in the corporation, to investors. These investors buy and sell the stock to small investors, or stockholders. Since there is no limit to the number of sh areholders to a company, the investors vote (for every section you own you get one vote) on a board of directors. The board of directors are in charge of hiring the people responsible for the every-day running of the corporation. These positions include, but are not limited to the president, vice president, and other chief administrators. (Watson, p211-212)If a corporation reaps a profit, investors may receive a dividend, or a share of the monetary gain made by the company. The elected board of directors choose whether the money will go towards profit, expansion of the company, modernization of the company, or enquiry and development.