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Employment Agreements As the governing document outlining the relationship between key employees and the corporation, the Employee Agreement includes important, specific deal points for stock options and other provisions between the owners, employees and the issuer(s).
In the modern publicly held corporation, ownership and control are separated. The shareholders ?own? the company through their ownership of its stock, but power to manage is vested in the directors.
A corporation, sometimes called a C corp, is a legal entity that's separate from its owners. Corporations can make a profit, be taxed, and can be held legally liable.
A California corporation generally is a legal entity which exists separately from its owners. While normally limiting the owners from personal liability, taxes are levied on the corporation as well as on the shareholders.
A corporation is a legal entity that is separate and distinct from its owners. Under the law, corporations possess many of the same rights and responsibilities as individuals. They can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes.
The business entity concept states that the business is separate from the owner(s) of the business. Therefore the accounting records for even the simplest business, the sole trader, must be kept separate from the personal affairs of the owner or owners.