The GWC Valve International company is a corporation and it is important for them to understand where and how businesses incorporate. Business owners who want to incorporate must decide where to locate their headquarters and for the GWC Valves company, theirs is in Bakersfield, California. It is important for any business to also follow the correct procedure for filling out the legal document that sets up the corporation. Most businesses are incorporated in the state or province where they operate in, but they may choose to operate in any other state or province. Incorporation can be done at the federal or provincial level for any business.
Corporations are owned by shareholders who buy shares in exchange for equity. The shareholders elect the board of directors who govern the organization while corporate officers and managers manage the daily operations. The board of directors are the ones who oversee the corporate officers and management. corporate management consists of shareholders, board of directors and corporate officers and managers. The shareholders acquire shares in exchange for ownership including preferred shares and common shares. The board of directors are the ones whom get elected by shareholders to oversee the corporation as a whole. When it comes to corporate officers and managers, they are all in charge of making the major corporate decisions and handle the ongoing operations.
When businesses choose to join forces these are called mergers and acquisitions and joint ventures. Mergers are combination of two or more firms to form one company in a vertical, horizontal or conglomerate way whereas acquisition involves the agreement in which one firm purchases the property and assumes the obligations of another. A joint venture involves a partnership between companies for a specific activity and a specific reason which can be a great strategic plan.