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 bum end act as a separate statutory person separate and distinct from its makeers, and it has many an(prenominal) of the rights, duties, and privileges of an actual person. Corporations give the axe borrow m geniusy and own property, can sue and be sued, and enter into contracts just as a person. A grass can even be a general confederate or a limited partner in a alliance, and a corp can own in some other corporation (Ross, 2011). The ownership of the corporation depends on the number of shares possess by an mortal. 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 d irectors and shareholders as a distinct form. The several advantages much(prenominal) as Limited liability, perseverance and Limited rights as a Person make corporations winsome to investors. Basically, a corporation offers shares of the corporation to the general globe at a certain monetary value to raise the roof 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 taxation. Double taxation means the corporation is taxed as an individual and the stockholders are a lso taxed separately for the dividends they ! receive from the corporation. another(prenominal) disadvantage is the left over(p) pay structure between the high management and the lower level workers. In the article, Its accredited: Corporations are people, senatorial candidate Elizabeth Warren backfired Mitt Romneys statement which utter that Corporations are people. She says, People rescue hearts. They have kids. They doctor jobs. They appropriate sick. They love and they cry and...If you want to get a fully essay, order it on our website: BestEssayCheap.com

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