Corporate bylaws are the rules that govern how a corporation is managed, and they are one of the first things that the board of directors establishes when the company is formed.
Such bylaws are normally drafted after the Articles of Incorporation have been filed, which is why many people confuse the two.For more details, follow Franklin I. Ogele.
A fiscal year is a period of 12 months set by the firms for the purpose of preparing various accounts according to which accounting statements are prepared.
These accounting statements are future helps to calculate taxes and other financial statements.
The fiscal year not necessarily fixed for 1 Jan-31 Dec, but most of the firms especially Small corporations preferred it as the calendar year.For more upcoming informative posts, follow Franklin I. Ogele.
Cash flow is the movement of cash in and out of business.
Cash flow can be of two types if the cash inflow is more than cash outflow it is called Positive Cash flow but if the cash outflow is more than cash inflow then it is called negative cash flow.
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A By-Law is a rule or law established by an organization or community to regulate itself, as allowed or provided for by some higher authority.
The higher authority, generally a legislature or some other government body, establishes the degree of control that the by-laws may exercise.
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There are a lot of ways by which one corporation can buy another such as by purchasing one's shares or assets.
Purchasing a corporation with any of these methods is called Acquisition.If you like this informative content then follow Franklin I. Ogele for more updates.
Perpetual Existence is one of the characteristics of a corporation.
It simply means that a company has no expiry date, it cannot die until or unless the proper agreement of winding up is made.
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Contract Management: On the behalf of the corporation, the corporate lawyer has to fulfill tasks such as negotiation, drafting, and reviewing legal agreements.2.
Corporate Governance: Creating a firm’s policies and regulations that help directors of the company in management.3.
Venture Capital: Startups and other small businesses that are looking to develop or expand their business, helping them in doing so is also an important task of the corporate lawyer.
Securities Laws: Creating rules and regulations for business securities to prevent the outcomes such as fraud, insider trading.Follow Franklin I. Ogele for more upcoming posts and content.
Depreciation is the reduction of the value of any fixed assets due to their usage for a particular period of time.
When these fixed assets are sold to some other person, the value of the asset would be considered as what remains after deducting the depreciation amount.Follow Franklin I. Ogele for more upcoming posts.
A promissory Note is a financial instrument send by one party to another party containing a written promise to pay a specified amount on a specified date or demand.Content of promissory note:- Specified Amount- Maturity Date- Interest Rate- Signature Of IssuerIn case if you need help regarding Corporate Lawyer Solutions, then visit Franklin I. Ogele (Corporate Lawyer with more than 26 years of experience).
Article of Incorporation is a documents because of which a corporation is said to be born.
Inside AOI, information such as name of the corporation, the shares it has the authority to issue, its purpose and the agents of the corporation is available.Follow Franklin I. Ogele for more informative posts.
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Goodwill is a kind of intangible asset whose value depends on the company’s brand name, customer relation, and other factors that makes a particular company different from another.
In simple words, goodwill is equal to the reputation of the business.
When one company acquires another company, the amount paid by purchasing company includes goodwill that has been earned during all these business years.
Follow Franklin I. Ogele for more information and never miss more informative posts.
It is a type of resolution which is used to settle the disputes outside of the courtroom.
In this case, disputed parties agree to let someone else listen to their problems and make decisions but without any rules and regulations.Follow Franklin I. Ogele for more upcoming informative posts.
Corporate bylaws are the rules that govern how a corporation is managed, and they are one of the first things that the board of directors establishes when the company is formed.
Such bylaws are normally drafted after the Articles of Incorporation have been filed, which is why many people confuse the two.For more details, follow Franklin I. Ogele.
Perpetual Existence is one of the characteristics of a corporation.
It simply means that a company has no expiry date, it cannot die until or unless the proper agreement of winding up is made.
Follow Franklin I. Ogele for more updates.
A fiscal year is a period of 12 months set by the firms for the purpose of preparing various accounts according to which accounting statements are prepared.
These accounting statements are future helps to calculate taxes and other financial statements.
The fiscal year not necessarily fixed for 1 Jan-31 Dec, but most of the firms especially Small corporations preferred it as the calendar year.For more upcoming informative posts, follow Franklin I. Ogele.
Contract Management: On the behalf of the corporation, the corporate lawyer has to fulfill tasks such as negotiation, drafting, and reviewing legal agreements.2.
Corporate Governance: Creating a firm’s policies and regulations that help directors of the company in management.3.
Venture Capital: Startups and other small businesses that are looking to develop or expand their business, helping them in doing so is also an important task of the corporate lawyer.
Securities Laws: Creating rules and regulations for business securities to prevent the outcomes such as fraud, insider trading.Follow Franklin I. Ogele for more upcoming posts and content.
Depreciation is the reduction of the value of any fixed assets due to their usage for a particular period of time.
When these fixed assets are sold to some other person, the value of the asset would be considered as what remains after deducting the depreciation amount.Follow Franklin I. Ogele for more upcoming posts.
Cash flow is the movement of cash in and out of business.
Cash flow can be of two types if the cash inflow is more than cash outflow it is called Positive Cash flow but if the cash outflow is more than cash inflow then it is called negative cash flow.
Follow Franklin I. Ogele and never miss any informative post like this.
A promissory Note is a financial instrument send by one party to another party containing a written promise to pay a specified amount on a specified date or demand.Content of promissory note:- Specified Amount- Maturity Date- Interest Rate- Signature Of IssuerIn case if you need help regarding Corporate Lawyer Solutions, then visit Franklin I. Ogele (Corporate Lawyer with more than 26 years of experience).
A By-Law is a rule or law established by an organization or community to regulate itself, as allowed or provided for by some higher authority.
The higher authority, generally a legislature or some other government body, establishes the degree of control that the by-laws may exercise.
Follow Franklin I. Ogele for more informative posts.
Article of Incorporation is a documents because of which a corporation is said to be born.
Inside AOI, information such as name of the corporation, the shares it has the authority to issue, its purpose and the agents of the corporation is available.Follow Franklin I. Ogele for more informative posts.
There are a lot of ways by which one corporation can buy another such as by purchasing one's shares or assets.
Purchasing a corporation with any of these methods is called Acquisition.If you like this informative content then follow Franklin I. Ogele for more updates.
fdsf
Goodwill is a kind of intangible asset whose value depends on the company’s brand name, customer relation, and other factors that makes a particular company different from another.
In simple words, goodwill is equal to the reputation of the business.
When one company acquires another company, the amount paid by purchasing company includes goodwill that has been earned during all these business years.
Follow Franklin I. Ogele for more information and never miss more informative posts.
It is a type of resolution which is used to settle the disputes outside of the courtroom.
In this case, disputed parties agree to let someone else listen to their problems and make decisions but without any rules and regulations.Follow Franklin I. Ogele for more upcoming informative posts.
