CORPORATE LAW

Corporate Law



Corporate Law

The main purpose of this paper is to make an analysis on the case study of Lorraine who wants to transfer his business to a company named Southend Fashion Designs Ltd. The corporate law is applied in this case.

    a) Any one-by-one, junction task, association or company, singly or simultaneously with other ones, and without address to such person's or entity's house, domicile or state of incorporation, may integrate or coordinate a company under this part by filing with the Division of Corporations in the Department of State have credentials of incorporation which will be offered, accepted and filed in affirmation with § 103 of this title.

     (b) A company may be integrated or coordinated under this part to present or increase any lawful enterprise or determinants, except as may added be supplied by the Constitution or other guideline of this State (ARLEN 2004).

     (c) Corporations for assembling, sustaining and functioning public utilities, if in or out-of-doors of this State, may be coordinated under this part, but companies for assembling, sustaining and functioning public utilities central this State will be subject to, in supplement to this part, the spectacular provisions and obligations of Title 26 applicable to such corporations.

     The title of the company, which (i) will comprise 1 of the sayings "association," "company," "corporation," "club," "foundation," "fund," "incorporated," "institute," "society," "union," "syndicate," or "limited," (or abbreviations thereof, with or without punctuation), or sayings (or abbreviations thereof, with or without punctuation) of like trade of foreign nations or jurisdictions (provided they are in creating in roman one-by-one characteristics or letters); supplied, while, that the Division of Corporations in the Department of State may waive such blame (unless it works out that such title is, or might added emerge to be, that of a natural person) if such company executes, accepts and items with the Secretary of State in affirmation with § 103 of this name a credentials asserting that its total assets, as differentiated in subsection

(i) Of § 503 of this name, are not less than $10,000,000,

(ii) will be for demonstration to differentiate it upon the comments in the bureau of the Division of Corporations in the Department of State from the titles that are listed on such comments and from the titles on such comments of each other company, junction task, guarded junction task, guarded liability enterprise or statutory accept as factual coordinated or noted as a dwelling or foreign company, junction task, guarded junction task, guarded liability enterprise or statutory accept as factual under the guidelines of this State, except with the in creating permission of the one-by-one who has listed such title or such other foreign company or dwelling or foreign junction task, guarded junction task, guarded liability enterprise or statutory accept as factual, offered, accepted and filed with the Secretary of State in affirmation with § 103 of this name and (iii) will not comprise the saying "bank," or any kind thereof, except for the title of a bank explaining to ...