This essay focuses on the publicly declared incorporation.Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as:
1. You must read COSO Compendium of Examples chapters: Ch.1, 2, 3, 4, 6, 7, 9, 10 2. The company I chosen is *Bank of America* as the topic to do the work 3. You must follow the instruction very closely 4. the Rubric is very clear, so if you have any question about work, just ask me.
A legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as:
A company can be create as a legal person so that the company itself has limited liability. As members perform or fail to discharge their duty according to the publicly declare incorporation, or publish policy. When a company closes, it may need to be liquidate to avoid further legal obligations.
In English law and in legal jurisdictions base upon it, a company is a body corporate or corporation company register. Companies Acts or under similar legislation.Common forms include:
Public companies are companies whose shares can be publicly trade, often (although not always) on a stock exchange which imposes listing requirements/Listing Rules as to the issued shares, the trading of shares and future issue of shares to help bolster the reputation of the exchange or particular market of an exchange. Private companies do not have publicly traded shares, and often contain restrictions on transfers of shares. In some jurisdictions, private companies have maximum numbers of shareholders.
A parent company is a company that owns enough voting stock in another firm to control management and operations. Influencing or electing its board of director. The second company being deem a subsidiary of the parent company. The definition of a parent company differs by jurisdiction laws dealing with companies in that jurisdiction.