New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

Blaw corporations

by: Elizabeth Guzman

Blaw corporations 210

Marketplace > Washington State University > Law > 210 > Blaw corporations
Elizabeth Guzman

Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

Corporation notes
Law and the Ethical Enviroment of Business
Dr. Houser
Study Guide
blaw, business
50 ?




Popular in Law and the Ethical Enviroment of Business

Popular in Law

This 2 page Study Guide was uploaded by Elizabeth Guzman on Friday February 19, 2016. The Study Guide belongs to 210 at Washington State University taught by Dr. Houser in Winter 2016. Since its upload, it has received 31 views. For similar materials see Law and the Ethical Enviroment of Business in Law at Washington State University.


Reviews for Blaw corporations


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 02/19/16
Copyrights- must be original, creative, in a fixed tangible form, and it cannot be just an idea itself Copyright protection:*reproduce *publish *display *perform *prepare derivatives of work Protection last for the life of the author, plus 70 years Works for hire protection last for 95 years from publication Copyright infringement- when someone copies your work without permission Fair use exceptions: education, news reporting, criticism, parody Trade or service mark: word, phrase, symbol, design that identifies and distinguishes the source of the goods or services. Protection can be renewed Classifications- Arbitrary (apple) Fanciful (made up word: Exxon) Suggestive (chicken of the sea-tuna) Infringement- when someone uses a trademark or similar mark for their own use of which original mark owner has to prove potential harm. Patent: giving inventor of a novel, genuine, not obvious product the exclusive right to make, use and sell an invention. They are very expensive $30-40,000, a provisional patent application can be used as a cost efficient alternative. Utility patent- exist for 20 years from the date of application Design patents- valid for 14 years Trade secret: info a business would lose its competitive advantage if taken by its own competitor. Trade secrets last over 20 years. Transfer intellectual property- assignment agreement, license Sole proprietorships: the simplest form of business organization General partnerships: formed when two or more people form a business for profit together. Taxes are filed on personal tax returns. All partners are personally liable for depts. Is partnership. Partners have a fiduciary duty to one another in the business. Limited partnerships: (if your parents give you money) required to be in writing. Non-managing partners can be labeled as limited partners and have no liability for partnership depts beyond their own investment. Must have one general partner and one limited partner. Corporations: formed by individuals or groups filing articles of incorporation with the secretary of state. Double taxation corporations are taxed on its profits and the shareholders pay taxes on their dividends. Owned by its shareholders, overseen by a board of directors. Provide limited liability protection to the shareholders. Limited liability companies: owned by members instead of shareholders. Main advantages include the limited liability protection. Nature of corporation: a fictitious legal entity that is created according to statutory requirements Corporation codes: state statues that regulate the formation Characteristics of a corporation:  Free transferability of shares  Perpetual existence  Centralized management  Limited liability of share holders Publicly held: many shareholders- securities are usually traded on national stock exchanges Closely held: a corporation owned by one or a few shareholders. Revised models business corporation act Incorporation procedures  Domestic- doing business in the state in which it was formed  Alien- doing business in a state in which it was not organized  Foreign- formed in another country Articles of incorporation:  Name of corporation  Number of shares authorized  Address of registered office and agent  Name and address of each incorporator Corporate bylaws: detailed set of rules adopted by the board of directors after a corporation is incorporated containing provisions for managing the business and affairs.


Buy Material

Are you sure you want to buy this material for

50 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Bentley McCaw University of Florida

"I was shooting for a perfect 4.0 GPA this semester. Having StudySoup as a study aid was critical to helping me achieve my goal...and I nailed it!"

Amaris Trozzo George Washington University

"I made $350 in just two days after posting my first study guide."

Jim McGreen Ohio University

"Knowing I can count on the Elite Notetaker in my class allows me to focus on what the professor is saying instead of just scribbling notes the whole time and falling behind."


"Their 'Elite Notetakers' are making over $1,200/month in sales by creating high quality content that helps their classmates in a time of need."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.