the tax burden and make them more profitable, more and more American corporations choose to stash their cash overseas, since the developing countries such as China use tax incentives to attract foreign firms to support economic growth. Launching business in the developing countries become the strategy help foreign firms to increase their after-tax returns. For example, General Electric keeps only 30.7 billion of its 85.5 billion in cash reserves in the U.S., while intends to invests more than 1.5
Words: 1245 - Pages: 5
HI5027 Corporate Law About companies § Introduction to companies § The architecture of companies § Historical development § Separate legal personality Week 1 Introduction to Companies Company Law HI5027 Corporate Law Holmes Institute 2011 2 Introduction to companies Companies § What are companies and why do we have them? § What are the key attributes of a company? § The dominant form of business organisation § Over 1.7 million companies in Australia § Created through a
Words: 1117 - Pages: 5
International Business Spring 2012 CHECKLIST FOR INTERNATIONAL BUSINESS Carolita Oliveros1 1. Business Structure: What type of business structure will you form? Will you form a U.S. business entity or an entity under the laws of the local country where you sell your product? 2. Distribution Model: Rather than form a foreign business entity, will you sell your product through a sales representative / agent or a distributor? What is the difference between a sales rep and a distributor? 3.
Words: 698 - Pages: 3
enterprise that provides education services in China needs to follow certain PRC laws. Specifically, one law requires that an entity that conducts education services must be owned by Chinese nationals and cannot be owned directly by foreign individuals or entities. Recently, an increasing number of wholly foreign-owned enterprises (WFOEs) in the PRC are involved in complex business structures that allow a foreign entity (often an SEC registrant), through a series of contractual arrangements as opposed
Words: 1190 - Pages: 5
Assignment Topic: Laws that Affecting Business Name: Sumon Roy ID: 4050 MBA (Evening Program) Department of International Business University of Dhaka Submission Date: Saturday, 17th May 2010. Table of Contents: Contents | Page | Introduction | 1 | Definition of Business, Law & Business Law | 2 | Sources of law | 3 | Different laws affecting business | 6-11 | Laws regarding commerce in Bangladesh | 12 | Laws regarding Industry in Bangladesh | 13 | Conclusion |
Words: 2215 - Pages: 9
applicable laws and regulations. The term “controls” refers to any aspects of one or more of the components of internal control. A key audit question is: “How does management control the business?” *Usually directors - remember the difference between exec and non-exec Company Objectives • To ensure it correctly reports its financial position to shareholders • To ensure it operates effectively and efficiently • To ensure it complies with relevant laws and regulations
Words: 2434 - Pages: 10
profitable. The information that these entities receive is product of the generally accepted accounting principles (GAAP) that are practiced by companies to create and release their annual finances. The financial statements allow the outside entities to judge the economic health of the company and from this decide if investments and larger lines of credit are wise. In the United States the Security and Exchange Commission enforce the GAAP although it is not actual law. The GAAP can be broken down into
Words: 896 - Pages: 4
BA 3301 Legal Environment of Business Compliance Interview and Report Assignment Associate Professor Lee Usnick, JD I. ASSIGNMENT OVERVIEW Virtually all business activities conducted in the United States are highly regulated, not only by governmental entities, but by professional entities as well. Compliance with all federal, state, and local laws and regulations is a prerequisite to the long term health and survival of a business. Equally important is a business's compliance with standards
Words: 3552 - Pages: 15
BA 3301 Legal Environment of Business Compliance Interview and Report Assignment Associate Professor Lee Usnick, JD I. ASSIGNMENT OVERVIEW Virtually all business activities conducted in the United States are highly regulated, not only by governmental entities, but by professional entities as well. Compliance with all federal, state, and local laws and regulations is a prerequisite to the long term health and survival of a business. Equally important is a business's compliance with standards
Words: 3519 - Pages: 15
Business Entities: Choices as Defined within the State of Texas Francesca Garcia Electing a single entity may be the most important decision for an entrepreneur in relation to the creation of their business. Today there are several entity options available for entrepreneurs. If he or she has had no previous knowledge of business entities then they may not fully recognize the crucial role the selection of an entity plays in the business’ taxation procedure. The tax liability one is responsible
Words: 3745 - Pages: 15
