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When used to refer to an owner of a business, the term "principal" can be a designation for any of several positions and entail a range of key responsibilities. But the rubric under which all the ...
The acts of the company as principal must constitute a representation (express or by conduct) that the agent had a particular authority and must be reasonably understood so by the third party. In determining whether the principal had represented his agent as having such authority, the court has to consider the totality of the company's conduct. [7]
There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal
This is especially common when the target is a small private company or is in the startup phase. In this case, the acquiring company simply hires ("acquhires") the staff of the target private company, thereby acquiring its talent (if that is its main asset and appeal). The target private company simply dissolves and few legal issues are involved.
When you own a company, you have the potential to reap all the profits, which can boost your net worth significantly. If your business takes off, you could become a millionaire or even a multi ...
5. Establish an online presence. Printing up business cards is no longer enough to get your name out there as a consultant. The type of web presence you need can vary by industry and the strength ...
Principal (finance) or principal sum, the original amount of a debt or investment on which interest is calculated Principal (bond), the face value of a bond; Principal Financial Group, a life insurance company
Being the principal From training teachers to having heart-to-heart talks with troubled students, principals are the people who keep schools running smoothly on a daily basis. How To Become A ...