Part II

Corporation
The Nature and the Laws on the Formation of a Corporation
Learning Objectives
Corporation
Attributes of a Corporation
Nationality or Citizenship of a Corporation
Characteristics of a Corporation
Kinds of Corporation
Advantages and Disadvantages of a Corporation
Owners of a Corporation
The Four Rights of Stockholders
The Officers of a Corporation
Important Qualifications of Corporate Officers
Classes of Shares of Stocks
Advantages and Disadvantages of Par Value Shares
Required Minimum Authorized Capital Stock and Minimum
Paid-up Capital
Minimum Subscription and
Minimum Paid-up Capital
Stock Certificate
Articles of Incorporation
By-Laws
Contents of By-Laws
 ILLUSTRATIVE PROBLEM 1
One type of Shares of Stock
ILLUSTRATIVE PROBLEM 2
Shares of Stock in Series
Subscriptions and Subscribed
Capital Stock
Legal Capital
 ILLUSTRATIVE PROBLEM 1:
One Type of Share of Stock or Share Capital
ADDITIONAL ILLUSTRATIVE PROBLEMS
 PROBLEM 1:
Minimum Paid Up Capital as Required by Law
 PROBLEM 2:
Two Types of Shares of Stock
 PROBLEM 3:
Two Types of Shares of Stock