CORPORATION

A corporation is an artificial being created by operation of law, having the right of succession and the powers, attributes, and properties expressly authorized by law or incidental to its existence.

1.It is an artificial being; 2.It is created by operation of law; 3.It has a right of succession; and 4.It has expressed and implied powers.

A corporation is an artificial being created by operation of law, having the right of succession and the powers, attributes, and properties expressly authorized by law or incidental to its existence.

A corporation is an artificial being created by operation of law, having the right of succession and the powers, attributes, and properties expressly authorized by law or incidental to its existence.

1.It is an artificial being; 2.It is created by operation of law; 3.It has a right of succession; and 4.It has expressed and implied powers.

1.It is an artificial being; 2.It is created by operation of law; 3.It has a right of succession; and 4.It has expressed and implied powers.

It is the exception of the Doctrine of Corporate Entity

• It has strong legal personality; • Free transferability of shares; • Centralized Management (there is a board); • Limited liability of shareholders (only up to their contribution); and • It has perpetual existence unless its articles of incorporation provides otherwise.

• It has strong legal personality; • Free transferability of shares; • Centralized Management (there is a board); • Limited liability of shareholders (only up to their contribution); and • It has perpetual existence unless its articles of incorporation provides otherwise.

• It has strong legal personality; • Free transferability of shares; • Centralized Management (there is a board); • Limited liability of shareholders (only up to their contribution); and • It has perpetual existence unless its articles of incorporation provides otherwise.

• It has strong legal personality; • Free transferability of shares; • Centralized Management (there is a board); • Limited liability of shareholders (only up to their contribution); and • It has perpetual existence unless its articles of incorporation provides otherwise.

It is the exception to the Doctrine of Corporate Entity.

It is the exception to the Doctrine of Corporate Entity.

It is the exception to the Doctrine of Corporate Entity.

• The process of forming corporation is Complicated; • It is always subject to the control and regulation of the government; and • A corporation cannot engage in business other than the business specified in the articles of incorporation. • Minority stock holders generally have no say in the operation of the corporation.

• The process of forming corporation is Complicated; • It is always subject to the control and regulation of the government; and • A corporation cannot engage in business • other than the business specified in the articles of incorporation. • Minority stock holders generally have no • say in the operation of the corporation.

• The process of forming corporation is Complicated; • It is always subject to the control and regulation of the government; and • A corporation cannot engage in business • other than the business specified in the articles of incorporation. • Minority stock holders generally have no • say in the operation of the corporation.

• The process of forming corporation is Complicated; • It is always subject to the control and regulation of the government; and • A corporation cannot engage in business • other than the business specified in the articles of incorporation. • Minority stock holders generally have no • say in the operation of the corporation.

• The process of forming corporation is Complicated; • It is always subject to the control and regulation of the government; and • A corporation cannot engage in business • other than the business specified in the articles of incorporation. • Minority stock holders generally have no • say in the operation of the corporation.

• The process of forming corporation is Complicated; • It is always subject to the control and regulation of the government; and • A corporation cannot engage in business • other than the business specified in the articles of incorporation. • Minority stock holders generally have no • say in the operation of the corporation.

• The process of forming corporation is Complicated; • It is always subject to the control and regulation of the government; and • A corporation cannot engage in business • other than the business specified in the articles of incorporation. • Minority stock holders generally have no • say in the operation of the corporation.

• The process of forming corporation is Complicated; • It is always subject to the control and regulation of the government; and • A corporation cannot engage in business • other than the business specified in the articles of incorporation. • Minority stock holders generally have no • say in the operation of the corporation.

• The process of forming corporation is Complicated; • It is always subject to the control and regulation of the government; and • A corporation cannot engage in business • other than the business specified in the articles of incorporation. • Minority stock holders generally have no • say in the operation of the corporation.

• The process of forming corporation is Complicated; • It is always subject to the control and regulation of the government; and • A corporation cannot engage in business • other than the business specified in the articles of incorporation. • Minority stock holders generally have no • say in the operation of the corporation.

• The process of forming corporation is Complicated; • It is always subject to the control and regulation of the government; and • A corporation cannot engage in business • other than the business specified in the articles of incorporation. • Minority stock holders generally have no • say in the operation of the corporation.

• The process of forming corporation is Complicated; • It is always subject to the control and regulation of the government; and • A corporation cannot engage in business • other than the business specified in the articles of incorporation. • Minority stock holders generally have no • say in the operation of the corporation.

• The process of forming corporation is Complicated; • It is always subject to the control and regulation of the government; and • A corporation cannot engage in business • other than the business specified in the articles of incorporation. • Minority stock holders generally have no • say in the operation of the corporation.

• The process of forming corporation is Complicated; • It is always subject to the control and regulation of the government; and • A corporation cannot engage in business • other than the business specified in the articles of incorporation. • Minority stock holders generally have no • say in the operation of the corporation.

• The process of forming corporation is Complicated; • It is always subject to the control and regulation of the government; and • A corporation cannot engage in business • other than the business specified in the articles of incorporation. • Minority stock holders generally have no • say in the operation of the corporation.

• The process of forming corporation is Complicated; • It is always subject to the control and regulation of the government; and • A corporation cannot engage in business • other than the business specified in the articles of incorporation. • Minority stock holders generally have no say in the operation of the corporation.

• The process of forming corporation is Complicated; • It is always subject to the control and regulation of the government; and • A corporation cannot engage in business • other than the business specified in the articles of incorporation. • Minority stock holders generally have no • say in the operation of the corporation.

• The process of forming corporation is Complicated; • It is always subject to the control and regulation of the government; and • A corporation cannot engage in business • other than the business specified in the articles of incorporation. • Minority stock holders generally have no • say in the operation of the corporation.