Differences between Individuals and Businesses under the Law

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Cynthia S

 

Date added:

April 28, 2011

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 767

 

Was viewed:

8218 times

 

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Essay content:

However there are still some differences, such as the motives that legally drive parties, taxation, the rights that both entities have. The profit motive of businesses set them apart from individuals under the law. A corporation is required to make choices that benefit the shareholders. This means that they cannot make decisions based on the will to help their fellow man or other businesses...
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A corporation is required to make choices that benefit the shareholders. This means that they cannot make decisions based on the will to help their fellow man or other businesses. Their one and only goal can be to bring in a profit to benefit the shareholder's position. An individual had family and friends, who in some respects are like shareholders, because they have a vested interest...
displayed 300 characters

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