Crime And Law Enforcement
The members of the corporate can enter into contracts with the company in the identical manner as any other particular person can. Similarly, the company in any way isn’t responsible for the individual debts of the members. However, it can’t be thought-about as a citizen as it can’t enjoy the rights of a citizen. It has the rights to amass and dispose the properties, to enter into contract with third events in its own name, and might sue and can be sued in its own name.
Duhaime’s Encyclopedia Of Legislation
Members can run the enterprise by themselves, or rent employees and/or unbiased contractors to hold out duties for them. English courts would allege fraud where its owners of an organization merely used it as a window dressing to evade both fiduciary or legal obligations. The court was confronted with the query of ascertaining whether the company … Read More