Intel The Corporation :: essays papers

Intel The CorporationA corporation is a business that, although owned by one or more investors, lawfully has the rights and duties of an individual. Corporations have the right to buy, wander, and own property. Corporations may make legal contracts, lease and fire workers, set prices, and be sued, fined, and taxed. A business must hold up a charter of incorporation from a state legislature or Congress to be leg aloney recognized as a corporation.(Watson, p211) spot corporations didnt exist until the mid to late 1800s, the idea of the corporation had existed since the early 1600s. It all started with English merchants who started trading companies to help fund the early colonies. If the colonies thrived, the stockholders reaped in the profit. (Watson, p211)A corporation is started when a sole proprietorship, a one- possessor business, that is the most common ground level of business institution in the US, or a partnership, an association of devil or more people in order to run a business, decides that they dont want to be personally responsible for any loss the political party might have. (Watson, p211) Or they might decide that they want the company to abide on after they die, that is for the business to have unlimited life. Since incomplete of these goals can be reached with a sole proprietorship, or a partnership, the owner (or owners, as the case may be) decide that he (they) want to win over their business to a corporation. The owner(s) file a charter of incorporation from the presidential term to be legally recognized as a corporation. (Boyd, March, 99) The owner(s) then sell shares of stock, documents representing ownership in the corporation, to investors. These investors buy and sell the stock to small investors, or stockholders. Since there is no limit to the number of shareholders to a company, the investors vote (for every share you own you get one vote) on a calling card of directors. The board of directors are in charge of hiri ng the people responsible for the every-day streak of the corporation. These positions include, but are not limited to the president, vice president, and other drumhead administrators. (Watson, p211-212)If a corporation reaps a profit, investors may receive a dividend, or a share of the monetary gain made by the company. The elected board of directors choose whether the money will go towards profit, expansion of the company, modernization of the company, or research and development.