Vanaspati was launched in and the famous Dalda brand came to the market in Unilever now holds The rest of the shareholding is distributed among about three lakh individual shareholders and financial institutions.
This text focuses on business corporations, which are created for profit.
A corporation can also be created for other reasons. Many churches and charities are established as non profit corporations. Many government entities take a corporate form.
Whatever its purpose, a corporation has several unique features under the law. Corporations are legal entities. They can theoretically last forever: A corporation is also treated like an artificial person for many but not all legal purposes.
It can enter into contracts under its own name, it can sue or be sued, and it has many of the same constitutional rights enjoyed by natural persons.
Separation of ownership and control. A corporation used to be owned by shareholders, but, as it increased in size and shareholders became dispersed at the turn of the 20th century, it became controlled by a board of directors.
While shareholders vote on the board of directors, in practice, board members are selected by other board members who then manage the corporation. The board has a fiduciary duty to the corporation as a whole, not just shareholders.
Shareholders can also freely transfer their interest in the corporation, which is known as stock. Under normal circumstances, shareholders cannot lose any more than the amount of their investment in the corporation. If creditors demand more than the corporation can pay, the shareholders' personal assets are usually safe.
Corporations versus other business entities[ edit ] While corporations are perhaps the archetype of a business entity, they are by no means the only way to form a business.
The choice to form a corporation is not always an easy one. Sole Proprietorship[ edit ] Rather than start a corporation, an entrepreneur can go into business under their own name as a sole proprietor. This has the advantage of simplicity: A sole proprietor, however, is "one with their business.
If they accumulate business debts, creditors can go after their personal assets. If a sole proprietor dies, their business is treated like any other personal asset, and ends up in the hands of whomever they will it to. Most importantly, a sole proprietorship is just one person: Partnership[ edit ] The partnership is the most basic form of collaborative business.
Like a sole proprietorship, it has the advantage of simplicity. Two or more people can start a business with no special formalities, and their business will be treated as a general partnership.CHUM Limited was a media company based in Toronto, Ontario, At various points in its history, CHUM owned other radio stations and ATV/Atlantic Satellite Network in Atlantic Canada.
CHUM Limited began its operations when CHUM-AM was founded in by four Toronto businessmen.
Johnson & Johnson was founded over years ago in the year However, it wasn’t until – 73 years and 2 major acquisitions later – that J&J developed its significant presence in. A company introduction letter basically consists of all important aspects about the company and its services. Also how other companies will benefit out of this is clearly mentioned in the letter.
A Limited Liability company (LLC), or a Limited Liability Partnership (LLP), is an entity that limits liability to its owners.
In this way, it is similar to a corporation. However, unlike a corporation, an LLC is not subject to double-taxation.
The history of CHUM. CHUM Limited (the Company at this time is incorporated under the name York Broadcasters Limited) acquires Toronto radio station CHUM-AM ( chum) from Jack Q'Part. Company Introduction. Company Outline; Brief History; Obtained Various Authorities' Approvals; Distribution Network.
Oversea Distributors; JAPAN FLUID POWER EQUIPMENTS MFG. (SHANGHAI) LTD.