Question

Consider the following scenarios:

1. ACME Corporation is a domestic corporation engaged in manufacturing and distribution of consumer goods. It wishes to expand its operations by establishing a subsidiary company in a foreign country. What are the legal requirements and procedures that ACME Corporation needs to comply with in order to establish the subsidiary company?

2. XYZ Foundation is a non-stock, non-profit organization dedicated to providing educational scholarships to underprivileged students. Due to financial constraints, the Foundation is considering entering into a joint venture agreement with a for-profit corporation. Discuss the legal limitations and requirements for XYZ Foundation to engage in a joint venture with a for-profit corporation.

3. Alpha Co. is a partnership engaged in the construction business. It is considering converting its business structure into a corporation. What are the legal steps and procedures that Alpha Co. needs to undertake in order to convert from a partnership to a corporation?

1. Discuss the legal framework and requirements for establishing a subsidiary company by a domestic corporation.
2. Explain the legal limitations and requirements for a non-profit foundation to engage in a joint venture with a for-profit corporation.
3. Outline the legal steps and procedures for converting a partnership into a corporation.