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The MBCA has three principal benefits. First, by distilling many matters into black-letter law, it provides guidance on issues that have often been the subject of dispute and litigation (e.g., directors’ duties). This can promote clarity, consistency and certainty in business transactions.
The polar opposite of GM's decision, says Baack, could be the way BP CEO Tony Hayward became a public punching bag following his company's massive oil spill in the Gulf of Mexico. "In many cases ...
The Illinois Department of Commerce and Economic Opportunity (DCEO) is the code department [1] [2] of the Illinois state government that sponsors statewide economic development, with special emphases on increasing minority entrepreneurship, promoting the tourism industry, and recruiting Illinois as a location for business investment and film production.
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
"The Illinois Made program selects a group of our most exemplary hidden gems and one-of-a-kind small businesses and encourages Illinoisans and visitors alike to discover the experiences they offer ...
The term eventually migrated from theater to business, and today, angel investors use their own money to fund risky startups in the earliest stages of development in the pursuit of high returns.