Term
How can corporations be taxed?
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Definition
As a S-Corp or a C-Corp
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Term
Which has easier taxation?
S-Corp or C-Corp?
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Definition
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Term
What are the capital gains of corporations?
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Definition
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Term
What is the formal structure of a corporation?
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Definition
Shareholders appoint board members to the board of directors, who appoint officers, who act as daily managers.
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Term
What governs corporations?
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Definition
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Term
Are private trades regulated by the SEC?
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Definition
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Term
Corporations are regulated by the SEC via By Laws, which help to do what?
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Definition
Structure Management
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Term
Corporations have to keep records of what?
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Definition
Annual meetings
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Annual or Quarterly Reports
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Term
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Definition
Low Profit limited liability company
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Term
L3C's can have a mission statement that makes a solid, unchanging, what?
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Definition
Operating Agreement
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Term
What are shareholders?
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Definition
They own part of the company and vote for the board of directors.
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They cannot deal with day to day issues, as they are not agents of the corporation.
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Term
Are shareholder votes ever unanimous?
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Definition
Nope it's like 55% to 65% gains approval
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Term
What are proxy votes?
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Definition
Remotely sent shareholder votes
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Term
What is block voting?
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Definition
When you have a legally binding agreement with someone else who votes for you.
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Term
The company can allow share holders to do what?
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Definition
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Term
What is a derivative lawsuit?
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Definition
When a shareholder sues a third party on behalf of a company
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Term
What is the business judgment doctrine?
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Definition
The judge is not a business man, so the business just looses.
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Term
In a derivative lawsuit you originally didn't have to present evidence but just what?
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Definition
Your side of the story
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Term
Now you can't really do a derivative lawsuit case but instead must do what?
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Definition
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Term
What fiduciary duties cannot be waved from a contract?
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Definition
Duty of care and Duty of Loyalty
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Term
What is the Duty of Care?
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Definition
Decisions will be made based on the most available evidence without conflict of interest, and not simply made randomly or without reason.
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Term
What is the Duty of Loyalty?
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Definition
To never self deal or double deal, by acting without conflict of interest.
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Term
What is the Duty of Obedience?
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Definition
That one will act only within their authority.
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Term
What is a Principal?
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Definition
One who owns or manages the asset.
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Term
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Definition
They work on the Principal's behalf.
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Term
Who are the Agent's interests suppose to align with?
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Definition
The Principal's interest
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Term
CEO compensation used to include what?
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Definition
The ability to purchase stock at lower than market prices
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Term
What is shorting stocks?
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Definition
Betting against your stock
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Term
Who are the worst performers?
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Definition
The highest paid CEOS
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Term
After making 75k, people are no longer what?
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Definition
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Term
What are the major motivators of individuals?
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Definition
Creative input in the company and being listened to, and the ability to choose their own projects, while gaining a sense of purpose. It's essentially control over your job.
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Term
The most psychopathic people are who?
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Definition
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Term
What do people highly dislike?
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Definition
Micromanagement
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Term
What is a monitor?
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Definition
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Term
How do you measure a companies liability?
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Definition
How much risk did the employee take
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Term
Is recovered alcoholic covered by the disability act?
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Definition
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Term
Have someone knew or should have known the circumstance then they are what?
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Definition
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Term
In many harassment cases, they do not immediately fire, they just do what?
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Definition
Put the offender in counseling
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