Individual Reaction Paper

(Beryle R. Llaguno)

Creating long-lasting value, encouraging innovation, and developing relationships that

stand the test of time are all important components of business success, regardless of whether
the company is a corporation, partnership, or sole proprietorship. The choice of business
structure has a big impact on how an enterprise runs, handles its business, and overcomes
obstacles. Although they are simpler, sole proprietorships come with a higher risk of personal
liability. In partnerships, collaboration is facilitated but they also demand solid interpersonal
ties. On the other hand, corporations require complex governance but offer scale and limited
liability. In the end, choosing a business structure should be in line with the objectives, scale,
and makeup of the company. This is because it is a strategic choice that helps the business
achieve long-term success and growth. But before it can begin with its operations, business has
to meet all requirements and register with the relevant government agency. This is critical
because, among other things, business registration ensures legal compliance, credibility, access
to opportunities, financial gains, and general business expansion. It creates a framework that
allows the company to prosper in a controlled and organized environment.
As we worked on this kind of project, I gained a thorough understanding of these crucial
corporate documents, such as the corporate bylaws, the certificate of incorporation from the
SEC office, and the cover sheet, also known as the general information sheet. Information about
the company, including the title, author, date, and any other pertinent metadata, are cited in
the cover sheet, also referred to as the general information sheet. The cover sheet functions as
an expedient reference or synopsis for the accompanying content. The next document was the
company's bylaws, which are a set of guidelines that the company has adopted to control its
internal operations and management. The corporation's governance and efficient operation are
guaranteed by the bylaws which is an essential internal document. By setting precise rules for
many facets of the business's operations, they aid in the prevention of conflicts and offer a
framework for decision-making. And lastly, the corporation's certificate of incorporation which
is a piece of documentation proving the business was formally established and given the status
of a separate legal entity.
Based on these personal experiences, I've come to the conclusion that it can be
challenging to request legal documents from a corporation because such disclosures are
typically subject to privacy and confidentiality laws. Legal documents are typically regarded as
confidential and may only be disclosed with the parties' permission or in accordance with
certain legal requirements. In business corporations, having these legal documents is crucial to
building trust, safeguarding resources, maintaining compliance, and lowering legal risks. They
contribute to the general stability and success of the company by offering an organized
framework for business operations.