NYS Department of State Corporation and Business Entity Database

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corporateThe landmark case confirmed the distinct corporate id of the corporate. The benefit of creating a company as a separate legal person was primarily administrative, as a unified entity under which the rights and duties of all buyers and managers might be channeled. The means of incorporation was potential solely through a royal charter or a private act and was limited, owing to Parliament’s jealous protection of the privileges and benefits thereby granted. As a end result, many companies came to be operated as unincorporated associations with probably hundreds of members. Any consequent litigation needed to be carried out in … Read More

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