Professional corporations provide a limit on the owners’ personal liability for business debts and claims. Incorporating can’t protect a professional against liability for his or her negligence or malpractice, but it can protect against liability for the negligence or malpractice of an associate. Are professional corporations S or C? TheRead More →
Corporation Pros and Cons Some other advantages include: Shareholders don’t have personal liability for corporate debts and liabilities. They are liable only up to their investment amounts. There is more access to financial resources since a corporation can raise capital by selling stock or obtaining bank loans. Why is corporationRead More →
Nigerian National Petroleum Corporation (NNPC) is responsible for harnessing Nigeria’s oil and gas reserves for sustainable national development. It explores, produces, refines oil, and markets and retails petroleum products. Is NNPC a private company? Speaking with Arise TV on Monday, Mele Kyari, group managing director of NNPC, said the nationalRead More →
Government corporations have the independence of private businesses, but they are owned, sponsored, or acquired by the government. … For example, Fannie Mae and Freddie Mac are examples of government-sponsored companies. PBS is a government-owned corporation. GM is an example of a government-acquired corporation. What are the three government-owned corporations?Read More →