How a Corporation Works | Introduction to Legal Structures
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- Опубліковано 16 жов 2024
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Corporations represent a very viable form of business ownership. Although corporations are more difficult to create, they do a much better job of protecting owners from liability. In addition to providing limited liability, corporations also provide several other significant benefits.
Great video. I love the way the presentation was compiled into a single blackboard page.
Do you have any other videos about the other forms of corporations? Like S corporation and LLC
Love this guy's voice and she sounds very very intelligent. Wish he could give me advice on my business I want to start.
Thanks! Maybe I should start narrating stories for those sleep apps.
Subd!!....I like how everything is so clear and is not in boring style yet at the same time doesn't feel like meant for 9 grade students.
I've a question: What type of structure do you say is the best in situation, where there are 5 people who want to invest with other person, 6th person, but don't as they think they will be defrauded out of their money as they have been in past like person said invest with 5k $$ with me and i think we might make profit....then after two months that person says oh we lost all your money in loss. (either lying, or actually lost a lot or took a loss but used that 5k to cover for it)...
So what structure can give credibility to business, so everything is done as said...so if business makes money then all parties benefit according to the percentage they have agreed upon.
I hope you understand what i am trying to say...that is there a way to setup a business or do something that can give more credibility than one party saying who we had a loss your money were all lost.
answerOfstupids I don't know of any structure that will protect you from losing your investment. That really comes down to good execution and doing business with someone that you trust. There are structures that will limit your liability, which means your personal assets can't be pursued. Those are LLC's, S-Corp's, Limited Partnerships, and C-Corps (at least here in the U.S.). You can always put together a contract outlining the scope of the individuals job as well as consequences for not following such directions. I recommend talking with an attorney about this so that it actually stands up in court. These won't prevent your money from being lost, but they may give you some recourse afterwards.
***** Thanks for taking time.. What about stocks, Is it not true that a company can't lie about its profits and loses (or is very risky legally) and if it profits then all stockholders benefit.
I understand business can have a loss, but i just want to make it so person executing business can't lie, even if that person is me, this way i can't tell others oh i lost your money but all the while i did make some..but not willing to share with them as either cuz im being greedy and think can get away with it or i made too little so sharing would make it even more little.
answerOfstupids And thanks for the sub!
***** i found out there is a thing called financial auditing by third party...that can assure further that profit and loss have something to do with reality.
This video was very informative. My question is whats the best entity to create if I’ll need a bank loan without having to have a personal guarantee. I was leaning toward the C Corp because it’s truly it’s own entity and pays its own taxes. I feel it has the most separation between owners and actual business. What would you recommend?
You probably dont care but does someone know of a method to get back into an Instagram account??
I was stupid lost the account password. I love any tricks you can offer me.
This guy explains really good.
Wow
This is a great video
Thank you for sharing your knowledge with us
A very nice video.Thanks for sharing
Thanks! This helped me a lot. You earned a sub! ^^
I formed a c corporation but I may need to dissolve it. I really started it because I heard there were a lot of benefits like having a seperate bank account and issuing bonds and shares, but it's a lot more than I really need. There is nothing wrong with an LLC! I don't even have a skill or any passion! 😅 I guess that's a good thing though because usually the corporate directors profit off of people that do have skills and talent. 😬😏 terrible!
***** Do you have any videos that explain how LLC's work? Or non-profit organizations? If not, could you make some? Thank you!
Ax Bx Thanks for the topic suggestions. I'm in the process of planning for the next segment of content. Those should go nicely with my current topics so I'll try to include them.
Don't trade in your leased car. It could be worth more down the road.