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What does it mean when someone says that a corporation is an artificial person created by law?
Chicagoangel
It basically means that for certain legal purposes, a corporation is similar to a person. For example, a corporation can own property, and have certain responsibilities.
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∙ 9y ago
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What is corporate guarantee?
A guarantee provided by a corporation, a legal person, is known is corporate guarantee.
What is the simplest form of business owned and operated by one person is called?
S-corporation
What was the name of the person who created maths?
There was no single person.
What is a 'pious person'?
A pious person is generally a deeply religious person, seriously devoted to his belief system (or one who 'puts on a show' and pretends to be.)
How old is someone now if they are born in 1973?
AnswerIn 2009, the person would be 36 if they have had their birthday already.If not, the person is 35.
What does it mean when someone says a corporation is an artificial person created by law?
It basically means that for certain legal purposes, a corporation is similar to a person. For example, a corporation can own property, and have certain responsibilities.
Can a corporation be a partner in a partnership?
Yes. A corporation is an artificial person but is a person according to the law and thus can be a partner in a partnership.
What is corporate and non-corporate form of business?
A corporation is an artificial person, legally independent of its owners and/or operators. The owners of a corporation are its shareholders.A business that is not a corporation legally is just its owners and operators, usually in the form of a sole proprietorship or a partnership.If someone sues a corporation that is as far as it can go, they cannot sue either the owners or operators.If someone sues a business that is not a corporation they are automatically suing all the owners and operators.There are now also other options that limit the ability to sue the owners and operators, but are not corporations (e.g. LLC or LLP).
A contract between a business and a state recognizing the business as an artificial person is known as?
This is sometimes known as a Corporate Charter & other times known as the Articles of Incorporation.
Do you own your incorporation?
One does not own an incorporation. Incorporation is the process by which a corporation is created. In fact, one does not really own a corporation either. One may own shares issued by a corporation, perhaps even all of the shares, but ownership of even all the shares of a corporation does not mean that you own the corporation. Ownership of shares of a corporation merely gives you certain rights. These include the right to vote in the election of directors and the right to receive any dividends. A corporation exists independently from the shareholders, and is often referred to as an artificial person.
Where can someone buy artificial limbs?
Most artificial limbs need to be specially fitted to a person. They are not available for purchase in a regular store. See a doctor if one has questions about artificial limbs.
Can one business invest company money into another business?
A corporation is often referred to as an 'artificial person.' Thus, speaking in general terms only, a corporation can do whatever an individual person can do. In principle (although this might vary from jurisdiction to jurisdiction), there is no general prohibition against a corporation investing in another corporation, in the same way that there is no general principle against an individual person investing in a corporation. For legal advice in any such matter, however, please consult a lawyer.
How can you legally take someone off an corporation?
Most states have a form that you need to file to have a person removed from a corporation. There may be a filing fee associated with this.
What is lashing specialist?
A lashing specialist is a person that can put artificial eyelashes on someone. Eyelashes can be glued on to a person's eyelid to look real.
What is an artificial florist?
An artificial florist is a person who makes or sells artificial flowers.
Where person get oxygen for artificial respiration?
an PERSON GETS ARTIFICIAL OXYGEN FROM THE CYLINDER that are attached to the hospitals.
What is an artificial person?
An artificial person is an alternative term for a legal person, an organization which holds some of the rights of an individual under the law.
