Question
Please help! 23.1. What were some of the key components of early US corporate laws? What was the rationale behind these laws? 23.2. Provide an
Please help!
23.1. What were some of the key components of early US corporate laws? What was the rationale behind these laws?
23.2. Provide an example of when it would be best to form a partnership, and cite the advantages and disadvantages of doing so.
23.3. Do you think that corporations should have rights similar to those of natural persons? Should any of these rights be curtailed?
23.4. Are most corporations in the US publicly or closely held? Are closely held corporations subject to different provisions than publicly held ones?
23.5. Does the Contracts Clause of the Constitution, which forbids a state from impeding a contract, apply to corporations?
23.6. What are some of the formal prerequisites to forming a de jure corporation?
23.8. Two young business school graduates, Laverne and Shirley, form a consulting firm. In deciding between the partnership and corporation form of organization, they are especially concerned about personal liability for giving bad advice to their clients; that is, in the event they are sued, they want to prevent plaintiffs from taking their personal assets to satisfy judgments against the firm. Which form of organization would you recommend? Why?
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