Elon Musk says he's moving SpaceX, X headquarters from California to Texas
Billionaire Elon Musk says he's moving the headquarters of SpaceX and social media company X to Texas from California.
Billionaire Elon Musk says he's moving the headquarters of SpaceX and social media company X to Texas from California.
Space Exploration
Jul 17, 2024
3
3
The climate crisis is hitting home with more frequent extreme weather events. Companies, particularly those in high-emission industries, are major contributors to global carbon emissions, therefore making them key players ...
Economics & Business
Jul 8, 2024
0
1
Fighting for social justice often takes root in the workplace—evidenced when there is advocacy for pay equity, diversity and inclusion, and similar initiatives. But to ensure that this advocacy is effective, who should ...
Social Sciences
Aug 5, 2024
0
5
A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Early corporations were established by charter (i.e. by an ad hoc act passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration.
An important (but not universal) contemporary feature of a corporation is limited liability. If a corporation fails, shareholders may lose their investments, and employees may lose their jobs, but neither will be liable for debts to the corporation's creditors.
Despite not being natural persons, corporations are recognized by the law to have rights and responsibilities like natural persons ("people"). Corporations can exercise human rights against real individuals and the state, and they can themselves be responsible for human rights violations. Corporations are conceptually immortal but they can "die" when they are "dissolved" either by statutory operation, order of court, or voluntary action on the part of shareholders. Insolvency may result in a form of corporate 'death', when creditors force the liquidation and dissolution of the corporation under court order, but it most often results in a restructuring of corporate holdings. Corporations can even be convicted of criminal offenses, such as fraud and manslaughter. However corporations are not living entities in the way that humans are.
Although corporate law varies in different jurisdictions, there are four characteristics of the business corporation:
This text uses material from Wikipedia, licensed under CC BY-SA