According to a survey conducted by the International Association of Privacy Professionals (IAPP) on 1000 companies, Companies spend $2,4 billion to protect their assets and information.The organization in this survey found that corporations spend approximately $204 on privacy per $1 million in revenue.
By Ann Marie Sallusti | amdlawgroup.com
According to the internal affairs doctrine the state of incorporation will govern dealings and issues that are internal to the corporation, including but not limited to, fiduciary duties, shareholder rights, and other particular corporate issues. On the other hand, issues that are external to the operation of the corporation may be brought elsewhere. Therefore, a business owner’s decision to incorporate in a certain state determines what corporate law will govern the entity. A business owner should take legal issues, taxes, fees and incorporation requirements into consideration when deciding where to incorporate. Recently, business owners have been contemplating three states when determining where to incorporate – Delaware, Wisconsin and Nevada.
Amazon is buying an online comedy Service Rooftop Media. At first this does not appear as an important transaction; however, Amazon’s goal is aimed toward a broader ambition of becoming a media and entertainment powerhouse. Amazon has concluded the deal through Audible an audiobooks service company that the firm bought for $300 Million in 2008.
The shares of the German sportswear have jumped after the after the Wall Street Journal reported that an investor group that includes Jynwel Capital and funds affiliated with the Abu Dhabi government planned a $2.2 billion bid to buy Reebok.
On the question are B-Corp’s are better for business? It is clear that B-Corp’s are better for society. Over 26 states are changing the corporate landscape. These states capitalizing on one of the largest entrepreneurial and business booms of this decade. Most are familiar with the three, most prevalent, kinds of corporate formation structures in the U.S.; the C Corporation; the S Corporation, and the Limited Liability Company also known as the LLC. But 26 states, including the District of Columbia, have adopted a new form of business model; the B-Corporation. The B-Corporation represents a business model that promotes socially responsible investing, corporate social responsibility, and social entrepreneurship; while remaining profitable.
Recently, the United States Department of Labor found more than 1500 garment workers in California were owed over $3 million in unpaid wages based on a year-long survey. The Department of Labor found that suppliers directly related to Nasty Gal, Macy’s, Nordstrom, and JC Penney, and others, paid its workers below the minimum wage while also subjecting them to sweatshop-like conditions.
Startup founders usually have fundamental strengths at some aspects, such as design, pitching, managing, etc., and yet also have weaknesses. Corporate law is something that is usually considered as a myth and a weakness for a lot of entrepreneurs and start-up owners. The concept of “entrepreneurship” is not just about pitching and managing, but the core of it is relationships.
Good relationships you want to nurture are with multiple parties:
• Attorneys, who you must nurture a close, reliable, comfortable relationship with, the attorney can help you get started, under legal protection, and guide you towards the right directions;
• Friends and families, where the initial funding usually comes from before getting investments from other sources;
• Incubators (think about the show “Silicon Valley”!)
• Co-creators (…and think about Marc Zuckerberg’s story in the film “Social Network”!)
• Mentors (free advice!)
• Customers!! At any time, startup owners need to be clear about who are their customers, even more clear than how they understand their technology.
In regards to Banco Espírito Santo SA recent investigation, US Banks may in the near future face Money-laundering investigations and sanctions at an international level.