Since WWII, the MNEs have mushroomed at an incredible speed, but the international law has yet to catch up. At present, the international regulatory regime remains fragmented leaving a huge gap between legality and reality. While the MNEs' day to day activities are controlled under domestic laws, their multinational nature necessitates a more coordinated and efficient multilateral approach.
There are several common legal structures that you can set your business up under. Which one you chose is going to depend on what kind of business you are setting up, who else is involved in this plan with you, your own personal preferences, among several other factors.
One of the most debatable questions in CimplyFive's First Survey on Secretarial Practice conducted in July 2016 was on the practice of taking Director's consent for holding Board Meeting at shorter notice. Though this is not a statutory requirement, our survey indicated that 81% of the respondents revealed that they took Directors consent for holding Board Meetings at shorter notice. Taking consent from all participants even though it is not mandatory seems to be a desirable practice as it meets the basic yardstick of good governance, which is to enable all the eligible members to participate…
Handling the operation of a business is a complicated task. It often calls for the help of professionals in business strategies and legal issues among others. Some of these professionals that are helpful when putting up a Limited Liability Company (LLC) and in other states is an attorney or a CPA lawyer.
Some might scoff at the idea of mediation being able to help solve their disputes. But, according to work done by the Department for Constitutional Affairs, along with pilot schemes, mediation has proved both popular and successful. When the problem is small enough and the chances of settlement are high, there are many potential benefits to resolving disputes through mediation rather than dragging all parties through the small claims courts.
Perhaps the main issue is that many companies don't approach contract management as a process. In fact, in some organizations, contracting remains a relatively disjointed set of activities: roles and responsibilities are not well defined; there are different agendas and objectives; and risk is not well communicated or managed. When companies fail to develop a contracts management strategy, legal risk and cost are increased.
A sale of a business may be structured as an asset sale or a stock sale. Generally, sellers prefer a stock sale and buyers prefer an asset sale.
Forming a company in China is the first huddle in the process of transacting business in China. If you set up a company using the wrong structures, it can cost you. Failing to acquire the correct license or permit for your business can result in a fatal blow. If your company does not collapse, its ability to expand and become successful can be greatly impeded.
Some folks have a lot more excuses than reasons to start an LLC business. Some optimists would prefer to label them as roadblocks that serve well as challenges. Taking this perspective will help business owners persevere despite the challenges that come their way.
Since its passage in 1989, the now ubiquitous federal law known as the Stark Law has driven the business behavior of health care providers of many kinds. Recent developments, however, make us wonder whether the end of Stark is near, and if so, whether that's a good thing.