Legal definition of corporate affiliate
Nettet31. okt. 2024 · An officer or employee of an entity is affiliated with that entity. An officer meets the definition because he is under the control of and accountable to the … Nettet1. okt. 2024 · Affiliates can also be helpful in terms of liability. If the affiliate company is sued, the larger company can be named in the lawsuit as well, even if the two companies are not directly related. This is known as “piercing the corporate veil.” Affiliates can be helpful for businesses in other ways as well.
Legal definition of corporate affiliate
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Nettet12. apr. 2024 · On April 3, 2024, the Tax Court ruled in Farhy v.Commissioner 1 that the Internal Revenue Service (IRS) lacks the authority to assess penalties under Section 6038(b) of the Internal Revenue Code (the Code) and may not proceed with collection of such penalties via levy. This decision could affect a broad range of taxpayers and … NettetCorporate Affiliate means any parent or subsidiary of the Company (as defined in Section 424 of the Code) which is incorporated in the United States, including any parent or …
Nettet7. apr. 2024 · Get up and running with ChatGPT with this comprehensive cheat sheet. Learn everything from how to sign up for free to enterprise use cases, and start using ChatGPT quickly and effectively. Image ... NettetThe term “company” means any corporation, limited liability company, business trust, general or limited partnership, association, or similar organization. (e) Concise …
NettetBy: Tom Streissguth. •••. The basic definition of a successor corporation is a new business that directly replaces an old one. The successor takes on the assets and liabilities of the former corporation, and carries out the affairs of the old company under a new name. Successor law governs the activities and legal obligations of these new ... NettetDefinitions. 2 (1) In this Act, affairs. affairs means the relationships among a corporation, its affiliates and the shareholders, directors and officers of such bodies corporate but does not include the business carried on by such bodies corporate; ( affaires internes) affiliate. affiliate means an affiliated body corporate within the meaning ...
NettetFor purposes of this Agreement, “ Affiliate ” means the Company and any other entity that, directly or indirectly through one or more intermediaries, controls, is …
NettetAn affiliate is also an entity whose business or substantially all of whose property is operated under a lease or operating agreement by a debtor or an entity that operates … careers at primarkNettetA fellow is a concept whose exact meaning depends on context. In learned or professional societies, it refers to a privileged member who is specially elected in recognition of their work and achievements. Within the context of higher educational institutions, a fellow can be a member of a highly ranked group of teachers at a particular college or university or … careers at providus bankNettet1. Affiliate clauses in contracts. 2. The loss of affiliate status. 3. How affiliates are determined. An affiliated companies clause is applicable to any subsidiary or parent company of an organization. An affiliated company may be an entity that already exists, or one that is started or acquired in the future. brooklyn high low tea salonNettetThe definition of corporate group Currently in Australia different concepts of control are employed to regulate different aspects of corporate groups and their operations. Indeed, reforms to the Corporations Law over the past six years have utilised a broad definition of control twice and the narrow legal concept of control once. IV. careers at pride mobility paNettet28. mar. 2024 · The dictionary definition of “affiliated” may be narrower than you think. It only covers companies who are related by ownership. It does not cover persons who … brooklyn high low teaNettet21. okt. 2024 · The definition of ‘affiliate’ or ‘affiliated’ in relation to corporate relationships will depend on the context in which a particular relationship arises. The … careers at prime therapeuticsNettet11. feb. 2015 · That invites parties to create new affiliates, and to have them do what the old affiliates are prohibited by the contract from doing.”9 The concurrence further stated, “if the facts of this ... careers at prisma health columbia sc