Massachusetts Law About… A compilation of laws, regulations, cases, and web sources on corporations law. 950 CMR 113 The Massachusetts Business Corporation Act, MGL c. 156D Under G.L. c. 55, § 8, corporations may not make contributions to political candidates or their campaigns. Citizens United v. Federal Election Commission, 558 U.S. 310 (2010)
Can a Massachusetts taxpayer own shares in a S corporation?
The subsidiary, in this case, must be a qualified subchapter S corporation (QSUB). The following taxpayers are not allowed to own shares in an S corporation: Entities that are S corporations for federal purposes are S corporations for Massachusetts purposes, with the exception of security corporations.
Who are the actual owners of a corporation?
The shareholders of the corporation have a financial investment in the corporation, i.e. they paid for stock which the corporation in turn uses for capital to run its business and they are the actual owners of a Corporation. To protect their interests, the shareholders elect the board of directors.
Who is responsible for the management of a corporation?
The President. The President has the overall executive responsibility for the management of the corporation and is directly responsible for carrying out the orders of the board of directors. He or she is usually elected by the board of directors.
When did Digital Equipment Corporation stop making computers?
The rapid rise of the business microcomputer in the late 1980s, and especially the introduction of powerful 32-bit systems in the 1990s, quickly eroded the value of DEC’s systems. DEC’s last major attempt to find a space in the rapidly changing market was the DEC Alpha 64-bit RISC instruction set architecture.
When did Compaq buy out Digital Equipment Corporation?
DEC was acquired in June 1998 by Compaq in what was at that time the largest merger in the history of the computer industry. At the time, Compaq was focused on the enterprise market and had recently purchased several other large vendors. DEC was a major player overseas where Compaq had less presence.
What was the name of the company that bought DEC?
During the purchase, some parts of DEC were sold to other companies; the compiler business and the Hudson, Massachusetts facility, were sold to Intel. At the time, Compaq was focused on the enterprise market and had recently purchased several other large vendors.
