American Corporate Law

Author: Hu Guowei
Publisher:
Publish Date: 1999-01-01
Features: With the growth and opening-up of China's economy, an increasing number of Chinese enterprises and individuals are considering doing business in the United States. This book focuses on limited liability to discuss and introduce U.S. corporate law, comparing corporations with sole proprietorships and partnerships, and analyzing the pros and cons of doing business in the U.S. as a company from the perspectives of taxation and liability. Additionally, the book will explain how to register and establish a company in the U.S. To protect the legitimate rights and interests of the company's creditors, U.S. courts often "pierce the corporate veil," allowing shareholders to be held personally liable for the company's debts. This book will analyze cases of piercing the corporate veil to strengthen shareholders' understanding of corporate law, comply with its requirements, fulfill their obligations, and thus benefit from its protections. After a company is established, it must issue stocks to raise funds. This book will analyze the pros, cons, and risks of equity financing and debt financing through case studies, and introduce how to price an initial stock offering, how stocks are classified, how shareholders can maintain their share of the company's stock, and how company stocks are transferred and traded.
There are significant differences in the national conditions between China and the United States. The purpose of this book in introducing U.S. corporate law is to provide Chinese legislative and regulatory bodies with insights and references to foreign experiences. At the same time, it can serve as a reference book or textbook for law students and faculty in Chinese universities and colleges, helping business managers understand the concepts of U.S. corporate law and the functions of corporate management structures.