Corporate nutritionists oversee a company’s food service, creating nutritional plans, supervising food service employees, and promoting healthy eating habits. They balance the cost of healthy eating with the company’s budget and hold employee wellness meetings to discuss portion control and innovative ways to prepare food. This can lead to a healthier and happier workforce, decreased […]
A company year, or tax year, is a 12-month period for accounting and tax purposes. Companies can choose their own year based on business needs, but must report on their operations and earnings to tax authorities. The start and end of the year can be changed with approval from tax authorities. A company year, more […]
An Economic Development Company (EDC) is a non-profit or for-profit business that aims to stimulate local economies by attracting new businesses to an area and helping existing businesses expand. They work closely with local government employees and offer support services to help businesses grow. An economic development company (EDC) is a business that exists solely […]
Business coverage is when two or more entities are considered as a single business due to shared assets, personnel, or skills. It is regulated by the Fair Labor Standards Act and requires commercial activity that is interstate in nature and a minimum annual turnover. Government entities, schools, and companies that meet the criteria are included, […]
A good corporate governance framework balances the interests of shareholders, employees, customers, and society. An independent board of directors oversees the implementation of policies governing business practices, including management, human resources, sales, manufacturing, customer service, corporate communications, and investor relations. The board’s independence from management is vital to serve shareholders’ interests, and it should hold […]
Effective business communication, including verbal, electronic, and written messages, can improve productivity, foster a supportive team environment, and benefit both internal and external customers. It can also help control costs and increase profits by reducing duplication of effort and improving marketing campaigns. Various forms of business communication offer businesses and entrepreneurs ways to improve productivity […]
Corporate governance can be centralized or decentralized. A centralized structure gives decision-making authority to senior positions, while a decentralized structure gives employees and frontline managers the authority to make strategic decisions. The board of directors represents the highest level of power in an organization. Centralized organizations allow the least amount of creativity and flexibility for […]
Corporate finance involves managing a company’s financial activity, including investment banking, valuation, and mergers and acquisitions. Investment banking raises capital for business expansion through stocks, bonds, or securities. Valuation determines the market value of assets to be sold, while mergers and acquisitions combine assets and liabilities to form a larger company. Corporate finance deals with […]
De jure corporations are legally incorporated businesses, while de facto corporations do not meet legal requirements. Doing business with a de facto corporation is riskier, so companies verify de jure status. Governments have concise processes for granting charters to de jure corporations, and revocation is possible if laws are not followed. De jure corporations are […]
The Securities Investor Protection Corporation (SIPC) protects clients of insolvent brokerage firms and unauthorized transactions, but does not insure the value of stocks. It covers individual client claims up to $100,000 in cash and $500,000 for a combination of cash and security investments. Recovery time for investors is usually between one and three months, but […]
Combined companies are formed by individuals under a common trading name for a specific business purpose. They have a clear line of succession with control exercised by the first person in line. Aggregate companies can be public or private and have more than one investor. The senior individual has control over decision-making processes, and the […]
Corporate social responsibility (CSR) is a business model that emphasizes compliance with the law, high ethical standards, and positive actions towards the environment and public interest. Companies following the CSR model adhere to the “triple bottom line” of “People, Planet, Profit”. Critics suggest that government should take the lead in addressing social and environmental concerns […]
Corporate advertising aims to cultivate a positive reputation for a company and generate trust between sellers and consumers. It can also be used for damage control and to restore consumer confidence. The focus is on the company as a whole, not on generating sales for specific products. Business advertising is a promotional strategy designed not […]
Securities companies offer financial services for stocks, bonds, futures, and options. They provide investment advice, risk management, tax planning, and retirement planning. They offer a wide range of products and services for a fee or commission, including institutional trading, mutual funds, and real estate investment trusts. A securities company is a business that provides financial […]
Corporate travel agents provide consulting, research, and booking services to commercial clients, helping employees make business travel plans in line with corporate policies and reducing costs. They can also organize group travel and maintain detailed records of employee travel preferences. Aspiring agents can receive training at vocational schools or community colleges and seek specialized certifications. […]
A firm offer is an irrevocable offer valid for a specific period of time, used to develop a contract. The offer can be transmitted electronically and must be authenticated. The Uniform Commercial Code provides guidelines for corporate offerings in the United States. A firm offer is an irrevocable offer made in a verified medium that […]
Close corporation plans allow surviving shareholders to purchase the shares of a deceased shareholder, with prearranged agreements and insurance policies used to facilitate the process. These plans help maintain the balance of shares among shareholders and prevent outside entities from attempting a takeover. Close corporation plans are prearranged agreements that make it possible for surviving […]
A business trust is a legal organization managed by trustees for the benefit of one or more beneficiaries. It protects assets from creditors and lawsuits and can provide tax benefits. Corporate trusts are alternatives to corporations or partnerships and are formed through statements of trust. Trustees hold title to the trust property and administer it […]
Corporate finance law covers a wide range of financial legal matters, including investing, accounting, mergers and acquisitions, and lawsuits. It is important for companies to have attorneys with experience in the specific areas that relate to their needs to avoid costly mistakes and legal hassles. Corporate finance law can also help businesses in day-to-day situations […]
Corporate apartments are owned or rented by companies for various reasons, including temporary housing for employees, affordable housing for frequent business travelers, and accommodation for out-of-town clients. They can be more cost-effective than hotels and offer fully functional kitchens, making them ideal for extended stays. Corporate apartments are owned or rented housing solutions by companies. […]
