Its True: Corporations Are People

Bachan Bhushan Tiwari
Article Review 2
FIN 6186. E1
August 7, 2012
Its straight: Corporations are people
According to Ross, Jordan and Westerfield (2011), a corporation is an important random variable of business organization which rear end act as a separate legal person separate and distinct from its makeers, and it has many an(prenominal) of the rights, duties, and privileges of an actual person. Corporations can borrow m geniusy and own property, can sue and be sued, and enter into contracts just as a person. A corporation can even be a general coadjutor or a limited partner in a alliance, and a corporation can own in another corporation (Ross, 2011).
The ownership of the corporation depends on the number of shares owned by an individual. A corporation is too considered as an entity because the corporation is not tied to any one person or group of persons like a partnership or a sole proprietorship but it exists individually from its officers, board of directors and shareholders as a distinct form. The several advantages much(prenominal) as Limited liability, Continuity and Limited rights as a Person make corporations attractive to investors. Basically, a corporation offers shares of the corporation to the general public at a certain monetary value to raise the capital of the company.



These shares can be bought and sold by the general public and the corporation whenever they want.
One of the major single out of considering a corporation as a person is simulacrum taxation. Double taxation means the corporation is taxed as an individual and the stockholders are also taxed separately for the dividends they receive from the corporation. another(prenominal) disadvantage is the uneven pay structure between the high management and the lower level workers.
In the article, Its accredited: Corporations are people, senatorial candidate Elizabeth Warren backfired Mitt Romneys statement which stated that Corporations are people. She says, People rescue hearts. They have kids. They doctor jobs. They get sick. They love and they cry and...If you want to get a full essay, order it on our website: Ordercustompaper.com



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