Article 287, Day 53, Aggregate Corporation December 14th, 2012 by Chris Pottorff | Category: Basics Corporation is a unit started under a common name by more than one person with an objective of carrying a business who has rights in the company based on the percentage of shares he holds or capital he has invested, or as agreed. Where as Aggregate Corporation is a firm with more than one shareholder, not belonging to one family and the line of succession is clearly defined. The business operations; finance; and administration related aspects of aggregate corporations are similar to a regular business enterprise. However, in aggregate corporations the first member of the business unit is considered most powerful, has most rights and holds the position at the helm. Every decision or action passes through under his eyes and hands, and requires his approval. When he quits, or retires, the second in succession takes the command automatically and his duties and responsibilities shift to down line, and so on… In aggregate corporations there is no place for voting etc. Everything is predefined. The good thing about this type of structure is that work is never held up. Things move smoothly as hierarchy is defined and each rank comes with set of duties, rules, responsibility, and privileges. Going by the legal requirement, in Aggregate Corporation set up four members from the same family are counted as one member. And organizations with four such members will be considered as sole organizations and not aggregate. Aggregate Corporations can be private aggregate organization or public aggregate organization depending on investors and business requirement. You can find all relevant FAQ in regards to the above article here https://facebook/OnlineFXAcademy kiryaforex.blogspot/ fxkeys/aggregate-corporation/
Posted on: Sun, 19 Oct 2014 15:12:39 +0000
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