...Ayesha Waheed EXTRA CREDIT Apple Incorporation is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players. The Company's products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and Mac OS X operating systems, iCloud, and a range of accessory, service and support offerings. During the year ended November 24, 2011, the Company, as part of a consortium, acquired Nortel Networks Corporation's patent portfolio. In February 2012, the Company acquired app-search engine Chomp. Apple Incorporation is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players. The Company's products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and Mac OS X operating systems, iCloud, and a range of accessory, service and support offerings. During the year ended November 24, 2011, the Company, as part of a consortium, acquired Nortel Networks Corporation's patent portfolio. In February 2012, the Company acquired app-search engine Chomp. Apple Incorporation is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players. The Company's products and services include iPhone, iPad, Mac, iPod,...
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... MODULE: COMPANY LAW, MANAGEMENT AND FINANCE (BUL701) TOPIC; PRE-INCORPORATION CONTRACTS: THE EXAMINATION OF THE CONCEPTUAL CONFUSION By Esther Adilli Ikenye Being a seminar paper presented at the Fourth Edition of the Company Law, Management and Finance, Master of Laws (LL.M) Class, Seminar Series for the First Semester of the 2014/2015 Academic Session, organized by Dr. Eric Okojie (PhD) and held on Monday, the 20th day of July, 2015, at the Department of Law, Faculty of Law, University of Benin, in partial fulfillment of the requirements for the award of the degree of Master of Laws (LL.M), of the University TABLE OF CONTENTS ABSTRACT 1.0 INTRODUCTION 2.0 ORIGIN OF THE PROBLEMS ASSOCIATED WITH PRE-INCOPORRATION CONTRACTS 3.0 THE PROMOTER AND HIS ROLE IN THE FORMATION OF A COMPANY AND THE INTERPLAY BETWEEN PE-INCORPORATION CONTRACTS AND THE LAW OF AGENCY RULES 4.0 THE POSITION OF THE LAW ON PRE-INCORPORATION CONTRACTS IN ENGLAND 5.0 THE POSITION OF THE LAW ON PRE-INCORPORATION CONTRACTS IN NIGERIA 6.0 THE POSITION OF THE LAW ON PRE-INCORPORATION CONTRACTS IN INDIA 7.0 THE POSTION OF THE LAW ON PRE-INCORPORATION CONTRACTS IN SOUTH AFRICA ...
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...Management 301 Ownership 2A California Articles of Incorporation (Close Corporation) ARTICLES OF INCORPORATION I. The name of this corporation is (NAME OF CORPORATION) II. The purpose of the corporation is to engage in any lawful act or activity for which a corporation may be organized under the GENERAL CORPORATION LAW of California other than the banking business, the trust company business or the practice of a profession permitted to be incorporated by the California Corporations Code. III. The name and address in the State of California of this corporation's initial agent for service of process is: Name ................................................................................................................................................................................................... STREET Address (DO NOT USE POST OFFICE BOX) City _________ State CALIFORNIA Zip _________ IV. This corporation is authorized to issue only one class of shares of stock; and the total number of shares which this corporation is authorized to issue is _______________. V. This corporation is a CLOSE CORPORATION. All of the corporation's issued shares of stock, of all classes, shall be held of record by not more than _________ persons. (Signature of Incorporator) (Typed Name of Incorporator), Incorporator INSTRUCTIONS: To incorporate utilizing the attached form, it will be necessary for you to complete the form with the required information. The information must be...
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...by fred m. greguras, s.r. gopalan and steven s. levine Businesses in the U.S. continue to move a portion of their development, support and other operations offshore to India, primarily for cost-saving reasons. Venture capital investors may require such outsourcing in order to reduce a company’s burn rate. While a U.S. company may initially contract for services with a third party in India, many companies establish their operations in India through incorporation of a subsidiary, a private limited company under the India Companies Act of 1956, as amended (the “Companies Act”). This memorandum summarizes certain of the legal and administrative issues that a U.S. company (the “U.S. company”) should consider in establishing an Indian subsidiary. Where to Locate the Subsidiary A key factor is the availability of a reliable employee pool with required skill sets for the services. Many U.S. software companies have established a subsidiary in Bangalore in the State of Karnataka because of its skilled work force, communications infrastructure and business friendly environment. On the other hand, Hyderabad is the center of life sciences activity in India. U.S. companies are increasingly considering establishing operations in locations other than Bangalore, such as in the cities of Pune and Chennai, that have lower costs, less competition for employees and a less mobile workforce. Employee benefits and other indirect and direct expenses are likely to be higher in Bangalore than other places...
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...the most volatile and competitive industries in the United States and the world. This necessitates incorporation of various strategic decisions aimed at enhancing an airlines position within the market as both a market leader and trendsetter within the industry (Collan & Kinnunen, 2011). Moreover, airlines incorporate strategic decisions geared towards attracting new and larger markets through provision of effective and efficient airline services that meet the growing demand. One of the most popular and effective strategic decisions incorporated by airlines within the United States and around the globe is incorporation of mergers and acquisitions (Straub, 2007). Mergers enhance the existent position of either company as it creates a stronger financial base for the merging companies through an increase in revenues realized together with a reduction in the operational costs incurred. Moreover, the merger creates a stronger market position for the merging companies, as they are financially able to delve into new markets through identification of the existent market needs pertaining to the services offered by the airlines (Rumgarilseva, 2002). Furthermore, a merger provides a larger customer base for the merging companies as they combine their customer base thus acquiring more revenues. Moreover, development of a merger seeks to identify the growing status and strength of the company, which works to increase the customer loyalty realized and consequently increasing the customer base...
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...innovative 2. Good design makes a product useful 3. Good design is aesthetic 4. Good design makes a product understandable 5. Good design is unobtrusive 6. Good design is honest 7. Good design is long-lasting 8. Good design is thorough, down to the last detail 9. Good design is environmentally-friendly 10. Good design is as little design as possible Requirements • Come up with a product that has an original name and slogan o Make a label and packaging for your product that has all of the essential information for the consumer (logo, slogan, product info). Make it look like a real You're ready to start your new business, but have you considered how the decisions you make now will affect its growth? One of the earliest is company structure: we look at the pros, cons, ongoing filing and tax associated with the four main start-up structures, to help you decide which is right for you. Unless it’s part of the business plan to raise significant funds on the stock exchange within...
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...Long Term Financial Planning Name: Institution: Date: Goal setting will have benefits for Nike. It is a very important managerial role for this incorporation. One of the benefits of setting the objectives is that it will improve the profitability of Nike. According to the Chief Financial Officer, the incorporation is looking forward to achieving a high single digit growth in revenue. The growth in EPS is expected to be in the range of 15% to 17%. In addition, the incorporation aims at having a 25% return on investments. The incorporation has divided its goals in terms of quarters in a financial year. The goals in this case are maintaining the DPS at 25% to 35% of total expenditure. By setting these goals, Nike Incorporation will be in a position to attain the objectives. In the absence of goal setting the incorporation would not have estimated an attainment of such goals. This is because the goals would not have been there in the first place (Blair, 2010). The second importance of goal setting to Nike Incorporation will be the increase in efficiency. Nike will be able to increase its efficiency since it will be brought about by the need to increase its profitability. For this incorporation to achieve a high performance there will be a need to improve the way it operates. At this point, this incorporation wishes to enhance its global retail business. This is intended to improve the customer experience of the different groups and also promote the idea category in all major markets...
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...Apple Company Apple incorporation is an American company established in 1971 by Steve jobs and Steve Wozniak. The company’s headquarters are located in Cupertino, California. Apple Incorporation specializes in designing and developing computer hardware and software but has recently diversified into other consumer electronic goods. Apple Incorporation is the second biggest information technology company by revenue with an estimated revenue of US $414 billion. Apples’ success in the technological sector, stems from it’s; commitment in providing best computer and other electronic experience to its clientele by providing quality products from extensive innovation and creativity. This paper will examine some key ideas, strategies and concepts that this company employs in its operation that makes it a success in the information and technology industry. It will also discuss some of the lessons and ideas businesses need to incorporate into their operations, in order for them to realize success like Apple Incorporation. To begin with, Apple employs vertical integration and diversification strategy in its business operations. This strategy makes it hard for any other technological companies to compete with it. This is because this strategy makes apple to diverse its business operations but connect them into one big company (Adams, 2012). For instance, Apple has segmented its company into a software company, hardware company, retail company and services company. Most corporations...
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...REGISTRAR OF COMPANIES Name of approval Give the official name of approval used with investors Company Registration Purpose of approval Provide a description of what the authorisation provides to investors Registration of company creates a separate legal entity from its owner(s), with the rights and obligations of a company specified in the Companies Act as modified by its own constitutional documents (Memorandum and Articles of Association). In Fiji companies may be • Limited by shares • Limited by guarantee or • Have unlimited liability Companies may or may not have private company status. Legal advice should be taken on company structuring. Give official title of the body with the authority to grant the approval to investors Name of agency issuing the approval Office of the Registrar of Companies Registrar of Companies Office Level 2, Suvavou House Victoria Parade Suva. Telephone: (679) 331 2981 Facsimile: (679) 3318 830 Website: www.egov.gov.fj a) Availability of proposed name. An applicant must ensure that the company’s proposed name is available. This will require a search of the Companies, Business Names and Trademarks Register to ensure that the proposed name is not identical or too closely similar to another name already registered. b) The proposed company name must be reserved pending registration. For new company registrations, a formal application using the attached form must be made to the Registrar of Companies for the reservation of the name...
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...Introduction Apple Incorporation is largely responsible for the enormous growth of the personal computer industry in the 20th century. The introduction of the Macintosh line of personal computers in 1984 established the company as an innovator in industrial design whose products became renowned for their intuitive ease of use. The company designs, manufactures, and then sells desktop and notebook computers, portable digital music players, and cell phones. It also creates software like the OS X operating system, iLife, iTunes, and peripherals such as printers or storage devices that go with these products. But the most famous product that they manufacture is Macintosh line of electronics that is the iPod, iMac, Macbook, iPhone and iPad. Apple Incorporation ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Apple Incorporation is committed to bringing the best personal computing experience to students, educators, creative professionals and consumers around the world through its innovative hardware, software and Internet offerings. Apple Incorporation was found by Steve Wozniak and Steve Jobs. Both of them were college dropouts. It was first incorporated on January 3rd 1977. Previously the company’s name was Apple Computer Incorporation but it became Apple Incorporation on January 9th 2007 because of the company was ongoing expansion into consumer electronics. Up to September 2010...
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...John Caruso Professor Dori Lombard AC600 18 June 2009 Microsoft: Industry, Incorporation, and Investment --- Executive Summary Group A conducted a due diligence evaluation of Microsoft Corporation to determine if Microsoft should be acquired by our company. In our report, we examined data from numerous sources, including annual and quarterly reports, as well as news articles from the World Wide Web. This data yielded facts about Microsoft's organization, capitalization, accounting practices, markets, and management. By varying our perspective, we were able to drill down into the company's financial results, and in many cases, see how those results occurred. We were also able to identify market areas of greatest competition and the relationship of reported profits to cash profits. We also explored the company's handling of contingencies and the effect of those contingencies on earnings. Through the eyes of numerous sources, we were able to evaluate Microsoft's ability to add value, to meet stakeholder expectations, and to deal with risks and competitors. Microsoft has impressive financial ratios based on its financial reporting figures (Group A - Part II). The company is focused on consistently achieving shareholder value, and simultaneously trades on that value using stock-based compensation (Group A - Part III), stock repurchases (Group A - Part II), and regular cash dividends (Group A - Part VI). Microsoft's shareholders are as important to Microsoft as are its customers...
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...PART 1 (a) List out 5 legal differences between a company and partnership (10marks) A company is society or association of persons, in considerable number, interested in a common object, and uniting themselves for the prosecution of some commercial or industrial undertaking, or other legitimate business. (The Law Dictionary, n.d) While a partnership is a voluntary association of two or persons, who contribute money, property, time, care or skills, to carry on, as co-owners, a lawful business for profits and to share the profits and losses of the business. (Rizwan Ahmad, 8 May 2009) I. First is the dissolution. A company is dissolved by winding-up and liquidation which is a formal procedure. A partnership may be dissolved informally, for example by agreement of the partners. II. Second is the registration. The Partnership Act does not require the registration of the partnership with any authority. However, a partnership business must be registered with the Registrar of Businesses. While the company’s memorandum and articles of association are lodged with the Registrar of Companies (“ROC”) III. Third is the number of members. Private Limited Company shall have at least 2 members and maximum 50 members. But for a public company are at least 2 members with no limitation. Partnership firm shall have at least 2 members and maximum 20 members and for banking business, maximum 10 members excluding lawyer firm, accounting firm, and architectural. . IV...
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...from all over the world. Panama has a booming financial services sector which provides superior services such as the incorporation of International Business Companies, offshore banking, the formation of Panama Foundations and Trusts, Panama insurance the registration of boats and vessels among other services. Tax haven Panama is a pure tax haven which offers a tax free environment to clients. Panama developed as an offshore tax haven by putting very strict legislation in place to regulate its offshore and financial sectors. The passing of modern and progressive legislature has made the Republic of Panama a very secure and stable offshore tax haven. Panama as a tax haven imposes no taxes on offshore business companies who engage in no business operations in the jurisdiction. One of the characteristics of Panama offshore legislation which puts the jurisdiction way above the competition is that offshore business companies are allowed to carry out is business operations both within and out of the offshore jurisdiction. Most offshore jurisdictions available in the world today prohibit International Business Companies (IBCs) from doing business in the country of incorporation. Panama offshore corporations who do no business in the jurisdiction will pay no corporate and income taxes or local taxes. Panama offshore companies pay no withholding tax, capital gains tax, inheritance tax, estate tax, gift tax, etc. All offshore companies incorporated in the...
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...Management 401 Project Contract Company Description: Five Star Banquet Hall is a full-service banquet hall that prides itself on taking care of all of the customers needs for almost any type of event. Some of the services coordinated or provided by the banquet hall include: all the wait staff, decoration of the church and hall; limousine service; floral arrangements and centerpieces; full catering of the event, including professionally decorated cake and hosted bar. The business is currently experiencing a significant decline in hall bookings. During my internship, my goal will be to increase the visibility of this business in the market, thereby increasing future hall bookings. I also plan to begin the process of incorporating the business into a C-corporation. Project Description and Deliverables: I plan to increase Five Star Banquet Hall’s visibility within the English-speaking market via the internet. This will be done in an effort to boost future hall bookings and therefore, revenue. It will be accomplished by creating a company website and increasing the company’s presence on internet directories. Currently, the company has no internet presence whatsoever. Repeat customers and word-of-mouth generate most of the revenue for this business. In addition, I begin the process of incorporating the small business into a C-corporation. Project Activities and Actions: Target Timeline: 1. Research and compare banquet hall websites. February 19, 2007 ...
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...Running Head: Business Law Business Law Oweya Vincent Makaya University of Nairobi THE COMPANY AS A JURISTIC PERSON VERSUS RESPONSIBILITY FOF THE DIRECTOR’S ACTIONS. Introduction: For a very long time a company has been treated as a corporate entity or a juristic person. In fact the concept of limited liability stems from this premise. Despite being an artificial person a company is wholly a creature of human beings, by human beings and for human beings. It solely rely on humans to conduct and transact any business. This research paper seeks to examine the concept of juristic personality, its advantages and its relationship with its owners. It delves into how decisions are made by this juristic personality, its liabilities and liabilities of those running it. The paper shall seek to examine if this veil of juristic person exists permanently or it can be lifted. What are the consequences of lifting that gown of juristic personality? The Concept of juristic personality. Companies and corporations are said to be legal or juristic personalities. This arises from the incorporation process. A corporation is a word that is said to have been derived from a Latin word corpus which means among other things “body”. An incorporated body becomes what is known as a “corpora coporata” in Latin or corporate body. The idea of a juristic person in law refers to an entity recognized in law as an artificial person. What this means is the entity recognized...
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