Assignment:
HanesBrands is an international apparel company with several of the top-selling brands, including Hanes, Champion, Playtex, Bali, Maidenform, JMS/Just My Size, Wonderbra and Gear for Sports. The company sells bras, panties, shapewear, sheer hosiery, men's underwear, children's underwear, socks, T-shirts, sweatshirts, fleece and other activewear. Champion was founded in 1919 and is the second largest of the brands owned by HanesBrands. Hanes is a Maryland corporation with its principal place of business in Winston-Salem, N.C.. Hanes is a member of the S&P 500 and is on the Fortune 500 list. The company has approximately 65,300 employees in more than 40 countries.
Q1) Explain what it means to be a Maryland corporation. What process was likely undertaken to become a Maryland corporation?
Q2) HanesBrands is an international corporation. Briefly discuss the issues that they have to think about as an international corporation. Assume that they own no land in other countries but merely export their goods.