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122-477: A headquarters is the entity at the top of a corporation that takes full responsibility for the overall success of the corporation, and ensures corporate governance . The corporate headquarters is a key element of a corporate structure and covers different corporate functions including strategic planning , corporate communications , tax , legal operations , marketing , finance , human resources , information technology , and procurement . This entity includes

244-650: A State of Deseret . The Mormon settlements provided pioneers for other settlements in the West. Salt Lake City became the hub of a "far-flung commonwealth" of Mormon settlements. With new church converts coming from the East and around the world, Church leaders often assigned groups of church members as missionaries to establish other settlements throughout the West. They developed irrigation to support fairly large pioneer populations along Utah's Wasatch front (Salt Lake City, Bountiful and Weber Valley, and Provo and Utah Valley). Throughout

366-401: A legal person in a legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e., by an ad hoc act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration . Corporations come in many different types but are usually divided by

488-483: A separate legal person was mainly administrative, as a unified entity under which the rights and duties of all investors and managers could be channeled. However, there was still no limited liability and company members could still be held responsible for unlimited losses by the company. The next, crucial development, then, was the Limited Liability Act 1855 , passed at the behest of the then Vice President of

610-645: A Mormon missionary for thirteen years, and a Salt Lake City newspaper owner, finally left Utah and wrote The Rocky Mountain Saints . His book gives a witnessed account of life in Utah, both the good and the bad. He finally left Utah and Mormonism after financial ruin occurred when Brigham Young sent Stenhouse to relocate to Ogden, Utah, according to Stenhouse, to take over his thriving pro-Mormon Salt Lake Telegraph newspaper. In addition to these testimonies, The Confessions of John D. Lee , written by John D. Lee—alleged "Scapegoat" for

732-400: A charter granted by the government. As explained above, such charters were often enacted as private bills . Today, a corporation is formed, or incorporated , by registering with the state, province, or national government and regulated by the laws enacted by that government. Registration is the main prerequisite to the corporation's assumption of limited liability. The law sometimes requires

854-484: A corporation are typically controlled by individuals appointed by the members. In some cases, this will be a single individual but more commonly corporations are controlled by a committee or by committees. Broadly speaking, there are two kinds of committee structure. In countries with co-determination (such as in Germany ), workers elect a fixed fraction of the corporation's board. Historically, corporations were created by

976-436: A corporation as: a collection of many individuals united into one body, under a special denomination, having perpetual succession under an artificial form, and vested, by the policy of the law, with the capacity of acting, in several respects, as an individual, particularly of taking and granting property, of contracting obligations, and of suing and being sued, of enjoying privileges and immunities in common, and of exercising

1098-439: A corporation; shareholders instead elect or appoint a board of directors to control the corporation in a fiduciary capacity. In most circumstances, a shareholder may also serve as a director or officer of a corporation. Countries with co-determination employ the practice of workers of an enterprise having the right to vote for representatives on the board of directors in a company. The word "corporation" derives from corpus ,

1220-424: A distinct name. Historically, some corporations were named after the members of their boards of directors: for example, the " President and Fellows of Harvard College " is the name of one of the two governing boards of Harvard University , but it is also the exact name under which Harvard was legally incorporated. Nowadays, corporations in most jurisdictions have a distinct name that does not need to make reference to

1342-451: A major reason for poor air quality in Utah . On March 18, 2020, Utah suffered a 5.7 magnitude earthquake originating 3.7 mi (6.0 km) northeast of Magna, near Salt Lake City. Utah is known for its natural diversity and is home to features ranging from arid deserts with dunes to thriving pine forests in mountain valleys. It is a rugged and geographically diverse state at the convergence of three distinct geological regions:

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1464-523: A partnership arose. Early guilds and livery companies were also often involved in the regulation of competition between traders. Dutch and English chartered companies, such as the Dutch East India Company (also known by its Dutch initials: VOC) and the Hudson's Bay Company , were created to lead the colonial ventures of European nations in the 17th century. Acting under a charter sanctioned by

1586-546: A partnership or some other form of collective ownership (in the United States it can be used by a sole proprietorship but this is not generally the case elsewhere). Despite not being human beings, corporations have been ruled legal persons in a few countries, and have many of the same rights as natural persons do. For example, a corporation can own property, and can sue or be sued for as long as it exists. Corporations can exercise human rights against real individuals and

1708-470: A private act to allow an individual to represent the whole in legal proceedings, this was a narrow and necessarily costly expedient, allowed only to established companies. Then, in 1843, William Gladstone became the chairman of a Parliamentary Committee on Joint Stock Companies, which led to the Joint Stock Companies Act 1844 , regarded as the first modern piece of company law. The Act created

1830-466: A proliferation of laws allowing for the creation of corporations by registration across the world, which helped to drive economic booms in many countries before and after World War I. Another major post World War I shift was toward the development of conglomerates , in which large corporations purchased smaller corporations to expand their industrial base. Starting in the 1980s, many countries with large state-owned corporations moved toward privatization ,

1952-458: A regiment of California volunteers in 1862. Connor established Fort Douglas just 3 miles (4.8 km) east of Salt Lake City and encouraged his people to discover mineral deposits to bring more non-Mormons into the territory. Minerals were discovered in Tooele County and miners began to flock to the territory. Beginning in 1865, Utah's Black Hawk War developed into the deadliest conflict in

2074-958: A variety of political rights, more or less extensive, according to the design of its institution, or the powers conferred upon it, either at the time of its creation or at any subsequent period of its existence. Due to the late 18th century abandonment of mercantilist economic theory and the rise of classical liberalism and laissez-faire economic theory due to a revolution in economics led by Adam Smith and other economists, corporations transitioned from being government or guild affiliated entities to being public and private economic entities free of governmental directions. Smith wrote in his 1776 work The Wealth of Nations that mass corporate activity could not match private entrepreneurship, because people in charge of others' money would not exercise as much care as they would with their own. The British Bubble Act 1720s prohibition on establishing companies remained in force until its repeal in 1825. By this point,

2196-592: Is a landlocked state in the Mountain West subregion of the Western United States . It is one of the Four Corners states, sharing a border with Arizona , Colorado , and New Mexico . It also borders Wyoming to its northeast, Idaho to its north, and Nevada to its west. In comparison to all the U.S. states and territories, Utah, with a population of just over three million, is the 13th largest by area ,

2318-494: Is a small group of staff and communicators. Usually very mobile, they exist to allow the commander to go forward in an operation, and command the key parts of it from a position where they can see the ground and influence their immediate subordinates. The main HQs (known as 'main') is less mobile and is involved in both the planning and execution of operations. There are a number of staff assembled here from various staff branches to advise

2440-473: Is authorized to issue, and the names and addresses of directors. Once the articles are approved, the corporation's directors meet to create bylaws that govern the internal functions of the corporation, such as meeting procedures and officer positions. In theory, a corporation cannot own its own stock. An exception is treasury stock , where the company essentially buys back stock from its shareholders, which reduces its outstanding shares. This essentially becomes

2562-444: Is generally limited to their investment. One of the attractive early advantages business corporations offered to their investors , compared to earlier business entities like sole proprietorships and joint partnerships , was limited liability. Limited liability separates control of a company from ownership and means that a passive shareholder in a corporation will not be personally liable either for contractually agreed obligations of

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2684-475: Is in London . In Japanese budō martial arts such as karate , judo , aikido , kendo , etc., there is usually a headquarters for each organization or region. The Japanese word honbu (本部) is generally used for that, also outside Japan . Sometimes they refer to these headquarters as honbu dojo (本部道場) in which dojo (道場) is a facility provided for practicing discipline, the training ground. Sometimes honbu

2806-622: Is just over the Nevada state line in the southern Snake Range. One of western Utah's most impressive, but least visited attractions is Notch Peak , the tallest limestone cliff in North America, located west of Delta . Much of the scenic southern and southeastern landscape (specifically the Colorado Plateau region) is sandstone , specifically Kayenta sandstone and Navajo sandstone . The Colorado River and its tributaries wind their way through

2928-447: Is limited: one can only collect from whatever assets the entity still controls when one obtains a judgment against it. Corporate names are supposed to be unique to the jurisdiction in which the corporation is registered. Governments will not allow another corporation or any other kind of legal entity to register a name that is too similar to the name of an existing corporation. However, since "different states may register entities with

3050-533: Is the central feature of protected state and federal parks such as Arches , Bryce Canyon , Canyonlands , Capitol Reef , and Zion national parks, Cedar Breaks , Grand Staircase–Escalante , Hovenweep , and Natural Bridges national monuments, Glen Canyon National Recreation Area (site of the popular tourist destination, Lake Powell ), Dead Horse Point and Goblin Valley state parks, and Monument Valley . The Navajo Nation also extends into southeastern Utah, and

3172-526: Is the lowest point in the state, at 2,000 feet (610 m). The northernmost portion of the Mojave Desert is also located in this area. Dixie is quickly becoming a popular recreational and retirement destination, and the population is growing rapidly. Although the Wasatch Mountains end at Mount Nebo near Nephi , a complex series of mountain ranges extends south from the southern end of the range down

3294-475: Is the only state where a majority of the population belongs to a single church. The LDS Church greatly influences Utahn culture, politics, and daily life, though since the 1990s the state has become more religiously diverse as well as secular. Utah has a highly diversified economy , with major sectors including transportation, education , information technology and research, government services, mining, multi-level marketing , and tourism. Utah has been one of

3416-565: Is the only state where every county contains some national forest. Utah features a dry, semi-arid to desert climate , although its many mountains feature a large variety of climates, with the highest points in the Uinta Mountains being above the timberline . The dry weather is a result of the state's location in the rain shadow of the Sierra Nevada in California. The eastern half of

3538-460: Is the variety of its terrain . Running down the middle of the state's northern third is the Wasatch Range , which rises to heights of almost 12,000 ft (3,700 m) above sea level. Utah is home to world-renowned ski resorts made popular by light, fluffy snow and winter storms that regularly dump up to three feet of it overnight. In the state's northeastern section, running east to west, are

3660-407: Is usually required to register with other governments as a foreign corporation and must formally appoint a registered agent to accept service of process within such other jurisdictions. A foreign corporation is almost always subject to the laws of its host state pertaining to external affairs such as employment , crimes , contracts , civil actions , and the like. Corporations generally have

3782-458: Is written as ho m bu , the way it is pronounced, but the Hepburn transcription is honbu in which the 'n' is a syllabic n . Corporation This is an accepted version of this page A corporation is an organization —usually a group of people or a company —authorized by the state to act as a single entity (a legal entity recognized by private and public law as "born out of statute";

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3904-474: The 30th most populous , and the 11th least densely populated . Urban development is mostly concentrated in two regions: the Wasatch Front in the north-central part of the state, which includes the state capital, Salt Lake City , and is home to roughly two-thirds of the population; and Washington County in the southwest, which has somewhat more than 180,000 residents. Most of the western half of Utah lies in

4026-595: The Domínguez–Escalante expedition —left Santa Fe in 1776, hoping to find a route to the coast of California. The expedition traveled as far north as Utah Lake and encountered the native residents. The Spanish made further explorations in the region but were not interested in colonizing the area because of its desert nature. In 1821, the year Mexico achieved its independence from Spain, the region became known as part of its territory of Alta California . European trappers and fur traders explored some areas of Utah in

4148-613: The Great Basin . Utah has been inhabited for thousands of years by various indigenous groups , such as the ancient Puebloans , the Navajo, and the Ute. The first Europeans to arrive - in the mid-16th century - were the Spanish. Because of the region's challenging geography and harsh climate, it only became a peripheral part of New Spain (and later of Mexico). Even while it was Mexican territory, many of

4270-455: The I-15 corridor, including the densely populated Wasatch Front , receives approximately 15 inches (381 mm). The Great Salt Lake Desert is the driest area of the state, with less than 5 inches (127 mm). Snowfall is common in all but the far southern valleys. Although St. George receives only about 3 inches (76 mm) per year, Salt Lake City sees about 60 inches (1,524 mm), enhanced by

4392-698: The Industrial Revolution had gathered pace, pressing for legal change to facilitate business activity. The repeal was the beginning of a gradual lifting on restrictions, though business ventures (such as those chronicled by Charles Dickens in Martin Chuzzlewit ) under primitive companies legislation were often scams. Without cohesive regulation, proverbial operations like the "Anglo-Bengalee Disinterested Loan and Life Assurance Company" were undercapitalized ventures promising no hope of success except for richly paid promoters. The process of incorporation

4514-604: The Latin word for body, or a "body of people". By the time of Justinian (reigned 527–565), Roman law recognized a range of corporate entities under the names Universitas , corpus or collegium . Following the passage of the Lex Julia during the reign of Julius Caesar as Consul and Dictator of the Roman Republic (49–44 BC), and their reaffirmation during the reign of Caesar Augustus as Princeps senatus and Imperator of

4636-520: The Mountain Meadow Massacre —also came out in 1877. The corroborative testimonies coming out of Utah from Mormons and former Mormons influenced Congress and the people of the United States. In the 1890 Manifesto , the LDS Church banned polygamy. When Utah applied for statehood again , it was accepted. One of the conditions for granting Utah statehood was that a ban on polygamy be written into

4758-587: The Mountain Meadows massacre . Before troops led by Albert Sidney Johnston entered the territory, Brigham Young ordered all residents of Salt Lake City to evacuate southward to Utah Valley and sent out the Nauvoo Legion to delay the government's advance. Although wagons and supplies were burned, eventually the troops arrived in 1858, and Young surrendered official control to Cumming, although most subsequent commentators claim that Young retained true power in

4880-452: The Registrar of Joint Stock Companies , empowered to register companies by a two-stage process. The first, provisional, stage cost £5 and did not confer corporate status, which arose after completing the second stage for another £5. For the first time in history, it was possible for ordinary people through a simple registration procedure to incorporate. The advantage of establishing a company as

5002-584: The Rocky Mountains , the Great Basin , and the Colorado Plateau . Utah covers an area of 84,899 sq mi (219,890 km ). It is one of the Four Corners states and is bordered by Idaho in the north, Wyoming in the north and east, Colorado in the east, at a single point by New Mexico to the southeast, by Arizona in the south, and by Nevada in the west. Only three U.S. states (Utah, Colorado, and Wyoming) have exclusively latitude and longitude lines as boundaries. One of Utah's defining characteristics

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5124-829: The Roman Army (27 BC–14 AD), collegia required the approval of the Roman Senate or the Emperor in order to be authorized as legal bodies . These included the state itself (the Populus Romanus ), municipalities, and such private associations as sponsors of a religious cult , burial clubs , political groups, and guilds of craftsmen or traders. Such bodies commonly had the right to own property and make contracts, to receive gifts and legacies, to sue and be sued, and, in general, to perform legal acts through representatives. Private associations were granted designated privileges and liberties by

5246-743: The Russian Orthodox Church is in Danilov Monastery , Moscow . The World Council of Churches , including Orthodox Churches, has its headquarters in Geneva , Switzerland . The headquarters of Ecumenical Patriarch of Constantinople is located in Istanbul , Turkey . The headquarters of the Church of Jesus Christ of Latter-day Saints is located in Salt Lake City , Utah . The Anglican Communion Office

5368-587: The Salt Lake Valley on July 24, 1847. Over the next 22 years, more than 70,000 pioneers crossed the plains and settled in Utah. For the first few years, Brigham Young and the thousands of early settlers of Salt Lake City struggled to survive. The arid desert land was deemed desirable by the Mormons as a place where they could practice their religion without harassment. Settlers buried thirty-six Native Americans in one grave after an outbreak of measles occurred during

5490-735: The U.S. government intensified due to the practice of plural marriage , or polygamy , among members of the LDS Church. The Mormons were still pushing for the establishment of a State of Deseret with the new borders of the Utah Territory. Most, if not all, of the members of the U.S. government opposed the polygamous practices of the Mormons. Members of the LDS Church were viewed as un-American and rebellious when news of their polygamous practices spread. In 1857, particularly heinous accusations of abdication of government and general immorality were leveled by former associate justice William W. Drummond, among others. The detailed reports of life in Utah caused

5612-536: The Uinta Mountains , which rise to heights of over 13,000 feet (4,000 m). The highest point in the state, Kings Peak , at 13,528 feet (4,123 m), lies within the Uinta Mountains. At the western base of the Wasatch Range is the Wasatch Front , a series of valleys and basins that are home to the most populous parts of the state. It stretches approximately from Brigham City at the north end to Nephi at

5734-650: The War of the Spanish Succession , which gave Great Britain an asiento to trade in the region for thirty years. In fact, the Spanish remained hostile and let only one ship a year enter. Unaware of the problems, investors in Britain, enticed by extravagant promises of profit from company promoters bought thousands of shares. By 1717, the South Sea Company was so wealthy (still having done no real business) that it assumed

5856-611: The chief executive officer (CEO) as a key person and their support staff such as the CEO office and other CEO-related functions; the "corporate policy making" functions, including all corporate functions necessary to steer the firm by defining and establishing corporate policies; the corporate services encompassing activities that combine or consolidate certain enterprise-wide needed support services, provided based upon specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners; and

5978-599: The death of Joseph Smith in 1844, Brigham Young , as president of the Quorum of the Twelve , became the leader of the LDS Church in Nauvoo, Illinois . To address the growing conflicts between his people and their neighbors, Young agreed with Illinois Governor Thomas Ford in October 1845 that the Mormons would leave by the following year. Young and the first group of Mormon pioneers reached

6100-494: The least income inequality of any U.S. state. Over time and influenced by climate change , droughts in Utah have been increasing in frequency and severity, putting a further strain on Utah's water security and impacting the state's economy. The name Utah derives from the name of the Ute tribe , meaning 'people of the mountains'. However, no such word exists in the Utes' language, and

6222-551: The public debt of the British government. This accelerated the inflation of the share price further, as did the Bubble Act 1720 , which (possibly with the motive of protecting the South Sea Company from competition) prohibited the establishment of any companies without a royal charter. The share price rose so rapidly that people began buying shares merely in order to sell them at a higher price, which in turn led to higher share prices. This

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6344-643: The Board of Trade, Robert Lowe . This allowed investors to limit their liability in the event of business failure to the amount they invested in the company – shareholders were still liable directly to creditors , but just for the unpaid portion of their shares . (The principle that shareholders are liable to the corporation had been introduced in the Joint Stock Companies Act 1844). The 1855 Act allowed limited liability to companies of more than 25 members (shareholders). Insurance companies were excluded from

6466-683: The Dutch government, the Dutch East India Company defeated Portuguese forces and established itself in the Moluccan Islands in order to profit from the European demand for spices . Investors in the VOC were issued paper certificates as proof of share ownership, and were able to trade their shares on the original Amsterdam Stock Exchange . Shareholders were also explicitly granted limited liability in

6588-674: The English East India Company would come to symbolize the dazzlingly rich potential of the corporation, as well as new methods of business that could be both brutal and exploitative. On 31 December 1600, Queen Elizabeth I granted the company a 15-year monopoly on trade to and from the East Indies and Africa . By 1711, shareholders in the East India Company were earning a return on their investment of almost 150 per cent. Subsequent stock offerings demonstrated just how lucrative

6710-659: The LDS Church's first three temples in Utah, each started after but finished many years before the larger and better-known temple built in Salt Lake City was completed in 1893), as well as Parowan, Cedar City, Bluff, Moab, Vernal, Fillmore (which served as the territorial capital between 1850 and 1856), Nephi, Levan, Spanish Fork, Springville, Provo Bench (now Orem ), Pleasant Grove, American Fork, Lehi, Sandy, Murray, Jordan, Centerville, Farmington, Huntsville, Kaysville, Grantsville, Tooele, Roy, Brigham City, and many other smaller towns and settlements. Young had an expansionist view of

6832-780: The Olympic venues built along the Wasatch Front continue to be used for sporting events. Preparation for the Olympics spurred the development of the light-rail system in the Salt Lake Valley , known as TRAX , and the reconstruction of the freeway system around the city. In 1957, Utah created the Utah State Parks Commission with four parks. Today, Utah State Parks manages 43 parks and several undeveloped areas totaling over 95,000 acres (380 km ) of land and more than 1,000,000 acres (4,000 km ) of water. Utah's state parks are scattered throughout Utah, from Bear Lake State Park at

6954-644: The Pacific Ocean; he subsequently learned this body of water was a giant salt lake . After the discovery of the lake, hundreds of American and Canadian traders and trappers established trading posts in the region. In the 1830s, thousands of migrants traveling from the Eastern United States to the American West began to make stops in the region of the Great Salt Lake, then known as Lake Youta. Following

7076-469: The UK, such as fraud and corporate manslaughter . However, corporations are not considered living entities in the way that humans are. Legal scholars and others, such as Joel Bakan , have observed that a business corporation created as a "legal person" has a psychopathic personality because it is required to elevate its own interests above those of others even when this inflicts major risks and grave harms on

7198-573: The United States had taken control of New Mexico and California. The entire Southwest became U.S. territory upon the signing of the Treaty of Guadalupe Hidalgo , February 2, 1848. The treaty was ratified by the United States Senate on March 11. Learning that California and New Mexico were applying for statehood, the settlers of the Utah area (originally having planned to petition for territorial status) applied for statehood with an ambitious plan for

7320-531: The Utah region’s earliest European settlers were from the United States; notable among these were Mormons who were fleeing marginalization and persecution in the United States and arrived via the so-called Mormon Trail . In 1848, after the Mexican–American War , the region was annexed by the U.S. , becoming part of the Utah Territory , which included what later became Colorado and Nevada. Disputes between

7442-599: The Utah/Idaho border to Edge of the Cedars State Park Museum deep in the Four Corners region and everywhere in between. Utah State Parks is also home to the state's off highway vehicle office, state boating office, and the trails program. During the late 20th century, the state grew quickly. In the 1970s growth was phenomenal in the suburbs of the Wasatch Front. Sandy was one of the fastest-growing cities in

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7564-460: The Utes refer to themselves as Noochee . The meaning of Utes as 'the mountain people' has been attributed to the neighboring Pueblo Indians , as well as to the Apache word Yuttahih , which means 'one that is higher up' or 'those that are higher up'. In Spanish , it was pronounced Yuta ; subsequently, English-speaking people may have adapted the word as Utah . Thousands of years before

7686-422: The act, though it was standard practice for insurance contracts to exclude action against individual members. Limited liability for insurance companies was allowed by the Companies Act 1862 . This prompted the English periodical The Economist to write in 1855 that "never, perhaps, was a change so vehemently and generally demanded, of which the importance was so much overrated." The major error of this judgment

7808-521: The administration of James Buchanan to send a secret military "expedition" to Utah. When the supposed rebellion should be quelled, Alfred Cumming would take the place of Brigham Young as territorial governor. The resulting conflict is known as the Utah War , nicknamed "Buchanan's Blunder" by the Mormon leaders. In September 1857, about 120 American settlers of the Baker–Fancher wagon train, en route to California from Arkansas, were murdered by Utah Territorial Militia and some Paiute Native Americans in

7930-417: The arrival of Europeans, the Ancestral Puebloans and the Fremont people lived in what is now known as Utah, some of which spoke languages of the Uto-Aztecan group. Ancestral Pueblo peoples built their homes through excavations in mountains, and the Fremont people built houses of straw before disappearing from the region around the 15th century. Another group of Native Americans, the Navajo , settled in

8052-425: The bidirectional interface between corporate headquarters and business units. A headquarters normally includes the leader of a business unit and their staff, as well as all functions to manage the business unit and operational activities. The head of the business unit is responsible for overall result of the business unit. A headquarters sometimes functions at the top of a regional unit, including all activities of

8174-401: The commander, and to control the various aspects of planning and the conduct of discrete operations. A main HQ for a large formation will have a chief of staff (CoS) who coordinates the staff effort; in a smaller HQ this may be done by the second-in-command . The rear or logistic headquarters is some distance from the battle or front line in conventional operations. Its function is to ensure

8296-419: The company had become. Its first stock offering in 1713–1716 raised £418,000, its second in 1717–1722 raised £1.6 million. A similar chartered company , the South Sea Company , was established in 1711 to trade in the Spanish South American colonies, but met with less success. The South Sea Company's monopoly rights were supposedly backed by the Treaty of Utrecht , signed in 1713 as a settlement following

8418-438: The company's royal charter. In England, the government created corporations under a royal charter or an Act of Parliament with the grant of a monopoly over a specified territory. The best-known example, established in 1600, was the East India Company of London . Queen Elizabeth I granted it the exclusive right to trade with all countries to the east of the Cape of Good Hope . Some corporations at this time would act on

8540-402: The corporate model for this reason (as a trust ). State governments began to adopt more permissive corporate laws from the early 19th century, although these were all restrictive in design, often with the intention of preventing corporations from gaining too much wealth and power. New Jersey was the first state to adopt an "enabling" corporate law, with the goal of attracting more business to

8662-427: The corporate status of the entity (for example, "Incorporated" or "Inc." in the United States) or the limited liability of its members (for example, "Limited", "Ltd.", or "LLC"). These terms vary by jurisdiction and language. In some jurisdictions, they are mandatory, and in others, such as California, they are not. Their use puts everybody on constructive notice that they are dealing with an entity whose liability

8784-408: The corporation is determined by the portion of shares in the company that they own. Thus, a person who owns a quarter of the shares of a joint-stock company owns a quarter of the company, is entitled to a quarter of the profit (or at least a quarter of the profit given to shareholders as dividends) and has a quarter of the votes capable of being cast at general meetings. In another kind of corporation,

8906-408: The corporation to designate its principal address, as well as a registered agent (a person or company designated to receive legal service of process). It may also be required to designate an agent or other legal representatives of the corporation. Generally, a corporation files articles of incorporation with the government, laying out the general nature of the corporation, the amount of stock it

9028-556: The corporation, or for torts (involuntary harms) committed by the corporation against a third party (acts done by the controllers of the corporation). Where local law distinguishes corporations by their ability to issue stock , corporations allowed to do so are referred to as stock corporations ; one type of investment in the corporation is through stock, and owners of stock are referred to as stockholders or shareholders . Corporations not allowed to issue stock are referred to as non-stock corporations ; i.e. those who are considered

9150-401: The country at that time. Today, many areas of Utah continue to see boom-time growth. Northern Davis , southern and western Salt Lake , Summit , eastern Tooele , Utah , Wasatch , and Washington counties are all growing very quickly. Management of transportation and urbanization are major issues in politics, as development consumes agricultural land and wilderness areas and transportation is

9272-429: The dominant Mormon community and the federal government delayed Utah's admission as a state: in 1896, after it agreed to outlaw polygamy, it was admitted as the 45th state . People from Utah are known as Utahns. Slightly over half of all Utahns are Mormons , the vast majority of whom are members of the Church of Jesus Christ of Latter-day Saints (LDS Church), which has its world headquarters in Salt Lake City; Utah

9394-559: The early 19th century from Canada and the United States. The city of Provo, Utah , was named for one Étienne Provost , who visited the area in 1825. The city of Ogden, Utah , was named after Peter Skene Ogden , a Canadian explorer who traded furs in the Weber Valley. In late 1824, Jim Bridger became the first known English-speaking person to sight the Great Salt Lake . Due to the high salinity of its waters, he thought he had found

9516-516: The eastern Great Basin. West of the Great Salt Lake , stretching to the Nevada border, lies the arid Great Salt Lake Desert . One exception to this aridity is Snake Valley , which is (relatively) lush due to large springs and wetlands fed from groundwater derived from snow melt in the Snake Range , Deep Creek Range , and other tall mountains to the west of Snake Valley. Great Basin National Park

9638-509: The emperor. The concept of the corporation was revived in the Middle Ages with the recovery and annotation of Justinian's Corpus Juris Civilis by the glossators and their successors the commentators in the 11th–14th centuries. Particularly important in this respect were the Italian jurists Bartolus de Saxoferrato and Baldus de Ubaldis , the latter of whom connected the corporation to

9760-422: The equivalent of unissued capital, where it is not classified as an asset on the balance sheet (passive capital). Under the internal affairs doctrine , the law of the jurisdiction in which a corporation is incorporated will govern its internal activities—that is, conflicts between shareholders and managers such as the board of directors and corporate officers. If a corporation operates outside its home state, it

9882-400: The fastest growing states since 2000, with the 2020 U.S. census confirming the fastest population growth in the nation since 2010. St. George was the fastest-growing metropolitan area in the United States from 2000 to 2005. Utah ranks among the overall best states in metrics such as healthcare , governance, education, and infrastructure. It has the 12th-highest median average income and

10004-454: The government's behalf, bringing in revenue from its exploits abroad. Subsequently, the company became increasingly integrated with English and later British military and colonial policy, just as most corporations were essentially dependent on the Royal Navy 's ability to control trade routes. Labeled by both contemporaries and historians as "the grandest society of merchants in the universe",

10126-549: The happiness of the very early Church members before polygamy. They independently published their books in 1875. These books and the lectures of Ann Eliza Young have been credited with the United States Congress's passage of anti-polygamy laws by newspapers throughout the United States, as recorded in "The Ann Eliza Young Vindicator", a pamphlet which detailed Ms. Young's travels and warm reception throughout her lecture tour. T. B. H. Stenhouse, former Utah Mormon polygamist,

10248-645: The history of companies was the 1897 decision of the House of Lords in Salomon v. Salomon & Co. where the House of Lords confirmed the separate legal personality of the company, and that the liabilities of the company were separate and distinct from those of its owners. In the United States , forming a corporation usually required an act of legislation until the late 19th century. Many private firms, such as Carnegie 's steel company and Rockefeller 's Standard Oil , avoided

10370-468: The idea of the corporation as legal persons can help to clarify the role of citizens as political stakeholders , and to break down the sharp conceptual dichotomy between the state and the people or the individual, a distinction that, on his account, is "increasingly unable to meet the demands placed on the state in the modern world". Other Utah Utah ( / ˈ juː t ɑː / YOO -tah , / ˈ juː t ɔː / YOO -taw )

10492-643: The landmark 1856 Joint Stock Companies Act . This was subsequently consolidated with a number of other statutes in the Companies Act 1862, which remained in force for the rest of the century, up to and including the time of the decision in Salomon v A Salomon & Co Ltd . The legislation shortly gave way to a railway boom, and from then, the numbers of companies formed soared. In the later nineteenth century, depression took hold, and just as company numbers had boomed, many began to implode and fall into insolvency. Much strong academic, legislative and judicial opinion

10614-521: The law of the jurisdiction where they are chartered based on two aspects: whether they can issue stock , or whether they are formed to make a profit . Depending on the number of owners, a corporation can be classified as aggregate (the subject of this article) or sole (a legal entity consisting of a single incorporated office occupied by a single natural person ). Registered corporations have legal personality recognized by local authorities and their shares are owned by shareholders whose liability

10736-425: The legal document which established the corporation or which contains its current rules will determine the requirements for membership in the corporation. What these requirements are depends on the kind of corporation involved. In a worker cooperative , the members are people who work for the cooperative. In a credit union , the members are people who have accounts with the credit union. The day-to-day activities of

10858-520: The lives of any particular member, existing in perpetuity. The alleged oldest commercial corporation in the world, the Stora Kopparberg mining community in Falun , Sweden , obtained a charter from King Magnus Eriksson in 1347. In medieval times , traders would do business through common law constructs, such as partnerships . Whenever people acted together with a view to profit, the law deemed that

10980-562: The logistical support to front line troops, which it does by organizing the delivery of combat supplies, materiel and equipment to where they are needed, and by organizing services such as combat medicine, equipment recovery, and repair. The headquarters of the Catholic Church is Vatican City . The World Headquarters of Jehovah's Witnesses is relocated in Warwick, New York , from its former location, Brooklyn , New York. The headquarters of

11102-575: The majority of eastern Utah's population lives. Economies are dominated by mining, oil shale , oil , and natural gas-drilling, ranching , and recreation . Much of eastern Utah is part of the Uintah and Ouray Indian Reservation . The most popular destination within northeastern Utah is Dinosaur National Monument near Vernal . Southwestern Utah is the lowest and hottest spot in Utah. It is known as Utah's Dixie because early settlers were able to grow some cotton there. Beaverdam Wash in far southwestern Utah

11224-417: The members of their boards. In Canada, this possibility is taken to its logical extreme: many smaller Canadian corporations have no names at all, merely numbers based on a registration number (for example, "12345678 Ontario Limited"), which is assigned by the provincial or territorial government where the corporation incorporates. In most countries, corporate names include a term or an abbreviation that denotes

11346-527: The metaphor of the body politic to describe the state . Early entities which carried on business and were the subjects of legal rights included the collegium of ancient Rome and the sreni of the Maurya Empire in ancient India. In medieval Europe, churches became incorporated, as did local governments, such as the City of London Corporation . The point was that the incorporation would survive longer than

11468-408: The owners of a non-stock corporation are persons (or other entities) who have obtained membership in the corporation and are referred to as a member of the corporation. Corporations chartered in regions where they are distinguished by whether they are allowed to be for-profit are referred to as for-profit and not-for-profit corporations, respectively. Shareholders do not typically actively manage

11590-539: The popular mid-century western film genre. From such films, most US residents recognize such natural landmarks as Delicate Arch and "the Mittens" of Monument Valley . During the 1950s, 1960s, and 1970s, with the construction of the Interstate highway system, accessibility to the southern scenic areas was made easier. Since the establishment of Alta Ski Area in 1939 and the subsequent development of several ski resorts in

11712-411: The public or on other third-parties. Such critics note that the legal mandate of the corporation to focus exclusively on corporate profits and self-interest often victimizes employees, customers, the public at large, and/or the natural resources . The political theorist David Runciman notes that corporate personhood forms a fundamental part of the modern history of the idea of the state , and believes

11834-610: The region around the 18th century. In the mid-18th century, other Uto-Aztecan tribes, including the Goshute , the Paiute , the Shoshone , and the Ute people, also settled in the region. These five groups were present when the first European explorers arrived. The southern Utah region was explored by the Spanish in 1540, led by Francisco Vázquez de Coronado while looking for the legendary Cíbola . A group led by two Catholic priests—sometimes called

11956-574: The remainder of the 19th century, Mormon pioneers established hundreds of other settlements in Utah, Idaho , Nevada , Arizona , Wyoming , California , Canada , and Mexico —including in Las Vegas, Nevada ; Franklin, Idaho (the first European settlement in Idaho); San Bernardino, California ; Mesa, Arizona ; Star Valley, Wyoming ; and Carson Valley, Nevada . Prominent settlements in Utah included St. George , Logan , and Manti (where settlers completed

12078-407: The same names, a corporate name is a unique identifier only when combined with the name of the state of incorporation". This explains why lawyers in legal papers often expressly refer to a corporation's state of incorporation after the first mention of its name. Some jurisdictions do not allow the use of the word " company " alone to denote corporate status, since the word " company " may refer to

12200-465: The sandstone, creating some of the world's most striking and wild terrain (the area around the confluence of the Colorado and Green Rivers was the last to be mapped in the lower 48 United States). Wind and rain have also sculpted the soft sandstone over millions of years. Canyons, gullies, arches, pinnacles, buttes, bluffs, and mesas are common sights throughout south-central and southeast Utah. This terrain

12322-431: The selling of publicly owned (or 'nationalised') services and enterprises to corporations. Deregulation (reducing the regulation of corporate activity) often accompanied privatization as part of a laissez-faire policy. A corporation is, at least in theory, owned and controlled by its members. In a joint-stock company the members are known as shareholders, and each of their shares in the ownership, control, and profits of

12444-539: The south end. Approximately 75 percent of the state's population lives in this corridor, and population growth is rapid. Western Utah is a mostly arid desert with a basin and range topography. Small mountain ranges and rugged terrain punctuate the landscape. The Bonneville Salt Flats are an exception, being comparatively flat as a result of once forming the bed of ancient Lake Bonneville . Great Salt Lake, Utah Lake , Sevier Lake , and Rush Lake are all remnants of this ancient freshwater lake, which once covered most of

12566-433: The spine of Utah. Just north of Dixie and east of Cedar City is the state's highest ski resort, Brian Head . Like most of the western and southwestern states, the federal government owns much of the land in Utah. Over 70 percent of the land is either BLM land , Utah State Trustland, or U.S. National Forest , U.S. National Park , U.S. National Monument , National Recreation Area or U.S. Wilderness Area . Utah

12688-484: The state constitution. This was a condition required of other western states that were admitted into the Union later. Statehood was officially granted on January 4, 1896. Beginning in the early 20th century, with the establishment of such national parks as Bryce Canyon National Park and Zion National Park , Utah became known for its natural beauty. Southern Utah became a popular filming spot for arid, rugged scenes featured in

12810-560: The state lies in the rain shadow of the Wasatch Mountains . The primary source of precipitation for the state is the Pacific Ocean, with the state usually lying in the path of large Pacific storms from October to May. In summer, the state, especially southern and eastern Utah, lies in the path of monsoon moisture from the Gulf of California . Most of the lowland areas receive less than 12 inches (305 mm) of precipitation annually, although

12932-457: The state's mountains, Utah's skiing has become world-renowned. The dry, powdery snow of the Wasatch Range is considered some of the best skiing in the world (the state license plate once claimed "the Greatest Snow on Earth"). Salt Lake City won the bid for the 2002 Winter Olympic Games , and this served as a great boost to the economy. The ski resorts have increased in popularity, and many of

13054-500: The state, and they can themselves be responsible for human rights violations. Corporations can be "dissolved" either by statutory operation, the order of the court, or voluntary action on the part of shareholders. Insolvency may result in a form of corporate failure, when creditors force the liquidation and dissolution of the corporation under court order, but it most often results in a restructuring of corporate holdings. Corporations can even be convicted of special criminal offenses in

13176-581: The state, in 1896. In 1899, Delaware followed New Jersey's lead with the enactment of an enabling corporate statute, but Delaware only became the leading corporate state after the enabling provisions of the 1896 New Jersey corporate law were repealed in 1913. The end of the 19th century saw the emergence of holding companies and corporate mergers creating larger corporations with dispersed shareholders. Countries began enacting antitrust laws to prevent anti-competitive practices and corporations were granted more legal rights and protections. The 20th century saw

13298-765: The territorial legislature passed the Act in Relation to Service and the Act for the relief of Indian Slaves and Prisoners formally legalizing slavery in the territory. Slavery was abolished in the territory during the Civil War. In 1850, Salt Lake City sent out a force known as the Nauvoo Legion and engaged the Timpanogos in the Battle at Fort Utah . Disputes between the Mormon inhabitants and

13420-487: The territory that he and the Mormon pioneers were settling, calling it Deseret—which according to the Book of Mormon was an ancient word for "honeybee". This is symbolized by the beehive on the Utah flag, and the state's motto, "Industry". The Utah Territory was much smaller than the proposed state of Deseret, but it still contained all of the present states of Nevada and Utah as well as pieces of modern Wyoming and Colorado . It

13542-509: The territory's history. Chief Antonga Black Hawk died in 1870, but fights continued to break out until additional federal troops were sent in to suppress the Ghost Dance of 1872. The war is unique among Indian Wars because it was a three-way conflict, with mounted Timpanogos Utes led by Antonga Black Hawk fighting federal and LDS authorities. On May 10, 1869, the First transcontinental railroad

13664-477: The territory. A steady stream of governors appointed by the president quit the position, often citing the traditions of their supposed territorial government. By agreement with Young, Johnston established Camp Floyd , 40 miles (60 km) away from Salt Lake City to the southwest. Salt Lake City was the last link of the First Transcontinental Telegraph , completed in October 1861. Brigham Young

13786-520: The tribe is part of the coalition that manages Bears Ears National Monument . Southeastern Utah is also punctuated by the remote, but lofty La Sal , Abajo , and Henry mountain ranges. Eastern (northern quarter) Utah is a high-elevation area covered mostly by plateaus and basins, particularly the Tavaputs Plateau and San Rafael Swell , which remain mostly inaccessible, and the Uinta Basin , where

13908-537: The various business units, taking full responsibility for overall profitability and success of this regional unit. Military headquarters take many forms, depending on the size and nature of the unit or formation they command. Typically, they are split into the forward, main and rear components, both within NATO nations, and those following the organization and doctrine of the former Soviet Union (see Isby, 1988). The forward or tactical headquarters, known as "tac" for short,

14030-406: The winter of 1847. The first group of settlers brought three African slaves with them, making Utah the only place in the western United States to have African slavery. The three slaves, Green Flake, Hark Lay, and Oscar Crosby, came west with the first group of settlers in 1847. Utah was a Mexican territory when the first pioneers arrived in 1847. Early in the Mexican–American War in late 1846,

14152-513: Was among the first to send a message, along with Abraham Lincoln and other officials. Because of the American Civil War , federal troops were pulled out of Utah Territory in 1861. This was a boon to the local economy as the army sold everything in camp for pennies on the dollar before marching back east to join the war. The territory was then left in LDS hands until Patrick E. Connor arrived with

14274-592: Was completed at Promontory Summit , north of the Great Salt Lake. The railroad brought increasing numbers of people into the territory and several influential businesspeople made fortunes there. During the 1870s and 1880s laws were passed to punish polygamists due, in part, to stories from Utah. Notably, Ann Eliza Young —tenth wife to divorce Brigham Young, women's advocate, national lecturer, and author of Wife No.   19 or My Life of Bondage —and Fanny Stenhouse, author of Tell It All: My Life in Mormonism , testified to

14396-482: Was created with the Compromise of 1850 , and Fillmore , named after President Millard Fillmore , was designated the capital. The territory was given the name Utah after the Ute tribe of Native Americans. Salt Lake City replaced Fillmore as the territorial capital in 1856. By 1850, there were around 100 black people in the territory, the majority of whom were slaves. In Salt Lake County, 26 slaves were counted. In 1852,

14518-478: Was opposed to the notion that businessmen could escape accountability for their role in the failing businesses. In 1892, Germany introduced the Gesellschaft mit beschränkter Haftung with a separate legal personality and limited liability even if all the shares of the company were held by only one person. This inspired other countries to introduce corporations of this kind. The last significant development in

14640-454: Was possible only through a royal charter or a private act and was limited, owing to Parliament's jealous protection of the privileges and advantages thereby granted. As a result, many businesses came to be operated as unincorporated associations with possibly thousands of members. Any consequent litigation had to be carried out in the joint names of all the members and was almost impossibly cumbersome. Though Parliament would sometimes grant

14762-525: Was recognised by the same magazine more than 70 years later, when it claimed that, "[t]he economic historian of the future... may be inclined to assign to the nameless inventor of the principle of limited liability, as applied to trade corporations, a place of honour with Watt and Stephenson , and other pioneers of the Industrial Revolution. " These two features – a simple registration procedure and limited liability – were subsequently codified into

14884-467: Was the first speculative bubble the country had seen, but by the end of 1720, the bubble had "burst", and the share price sank from £1,000 to under £100. As bankruptcies and recriminations ricocheted through government and high society, the mood against corporations and errant directors was bitter. In the late 18th century, Stewart Kyd , the author of the first treatise on corporate law in English, defined

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