Corporation – What Is It?Written by Richard A. Chapo
Simply put, a corporation is a form of business entity. You probably already know this, so this article delves into a few of particulars.Separate Entity For legal purposes, a corporation is considered a separate legal entity from those forming it. Although it is not a living person, a corporation generally has same rights. It can own property, enter contracts and claim constitutional rights. Unluckily, a corporation also must pay taxes like you and me. Unlike each of us, a corporation can “live” for 100 years, 200 years or more. Certain forms of corporations were known to exist as far back as in days of Ancient Rome. Despite it’s gladiator tendencies towards other companies, Microsoft was not first corporation. State of Incorporation These days, state law authorizes and governs creation of corporations. In 1811, New York was first state to pass laws authorizing corporations. As other states were created, passage of laws authorizing corporate enitity became standard practice. Today, corporations can be formed in every state. The Secretary of State for each jurisdiction typically controls incorporation process. Corporations are “residents” of state in which they maintain offices, have employees, receive mail, etc. This is true even if it conducts business in other states. A corporation is considered a “domestic entity” in state in which it is incorporated. In all other states, it is considered a “foreign entity.” For example, a company like Nomad Journals is a domestic corporation in Colorado, where it is based. When I buy a travel journal from it, California authorities may consider it a foreign corporation and require it to conform to California law. Foreign corporation status is a technical area of law and well beyond scope of this article. Nonetheless, just keep in mind that state of incorporation can be a key issue, particularly when it comes to tax issues.
| | Why File a Social Security Claim?Written by Maricon Williams
Disabilities are hard to accept. It simply loses anybody’s confidence and assurance. It connotes pain, suffering and loss of earnings. This chaotic plight involves not only disabled person but his family as well. Thus, it is necessary that said individual be given right consideration or benefits which he lawfully deserves. The same is true with death, especially when head of family, one whom family is depending for support, has died. This will definitely result to financial crisis. Though, death of a family member can never be reimbursed by money, but still, family needs financial assistance to cope up with loss. To yield benefits intended to its recipients, right thing to do is to file a social security claim. You can acquire services of a skilled social security attorney to help you with it. It is a blatant fact that you can accomplish a social security claim on your own. You can go through filing, hearing and representing all by yourself. In fact, you can even go through whole process without aid of a social security attorney. However, according to statistics, claimants who are represented by a skilled social security attorney win a good deal compared to those who are not represented by a counsel. Social security attorneys are there to give you legal advice and to aggressively defend your social security claim in order for it to yield a reasonable and beneficial sum.
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