Particular person AMP executives are making ready for the potential of facing prison prices over the billion-dollar ‘fees for no service’ scandal, the corporate’s lawyer mentioned this morning. Many companies are operated through a separate entity equivalent to a company or a partnership (both shaped with or without limited liability). Most legal jurisdictions enable individuals to arrange such an entity by filing certain constitution documents with the relevant Secretary of State or equivalent and complying with certain other ongoing obligations. The relationships and legal rights of shareholders , limited companions, or members are ruled partly by the constitution documents and partly by the legislation of the jurisdiction where the entity is organized. Generally speaking, shareholders in an organization, limited companions in a restricted partnership, and members in a restricted legal responsibility company are shielded from personal legal responsibility for the money owed and obligations of the entity, which is legally treated as a separate “individual”. Which means that unless there’s misconduct, the owner’s personal possessions are strongly protected in law if the enterprise does not succeed.
Immediately this could possibly be making a product or service Google can add on for its prospects. Or IBM, or governments. Repair something that …Read more