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Select a business to incorporate in the jurisdiction of your choice (We chose Saudi Arabia), and describe the specific process needed to bring the concept to legal reality: jurisdiction, requirements, fees, residency requirements, timetable, naming, licensing, and every other specific detail you judge relevant. Be as specific as possible, and identify all sources of information. Include two examples of businesses similar to the type of company you chose that are already incorporated in the chosen jurisdiction. Each team should choose a different jurisdiction.
Assignment:
Present your findings to your colleagues in a 10 minute presentation, accompanied by slides using the software of your choice (Google Slides, Microsoft Powerpoint, Apple Keynote, or whatever you prefer). We are 5 team members, Suada, Anna, Teresa, Coen, Fatlinda so write names in each part , divide
Research:
Here is a sample way to divide individual research requirements (you can choose some or all of these subjects for individual team members to focus on):
Recent history of the law of incorporation in your jurisdiction. For example, when was the current law that governs business incorporations enacted, has it been revised, and what entity is responsible for administering it.
Requirements for incorporators. For example, is a local partner required, are there any minimum capital requirements, or is local residency required etc.
Types of corporations that can be created. For example, private or public, for-profit and non-profit etc.
Fees and specific requirements. For example, precisely what materials need to be filed, where, and on what timetable.
Rights and obligations of corporations in your jurisdiction: what special legal privileges, if any, do corporations have in the jurisdiction you chose compared to other locations (for example, in some locations, such as the British Virgin Islands, some corporations do not have to pay taxes), and what special obligations, or duties, do corporations have (for example, in Massachusetts non-profit corporations must serve a public purpose, such as a educational institutions, hospitals, and religious organizations).
Major legal risk factors. What specific legal risks which face your business will be reduced by forming a company?
Two examples of corporations similar to the type of company you chose that are already incorporated in the chosen jurisdiction.
Requirements and Grading:
Each student must complete some specific research, and play an active role in the team presentation.
All sources should be correctly cited in APA format on the slides where they are presented, or in a list of references at the end of the presentation.
Teams will be graded collectively for their work: there is no need to identify the specific contributions of individual team-members
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