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Why to have corporation?

Updated: 8/17/2019
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14y ago

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A corporation shields one from personal liability. A corporation can keep ownership confidential. A corporation may have income tax advantages.

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Q: Why to have corporation?
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Examples of a corporation?

general corporation Close corporation Limited Liability Corporation


What is corporation in a sentence?

The corporation exists to make a profit. The generosity of the corporation is admirable. The corporation has great benefits for their employees.


What is a Delaware corporation?

A Delaware corporation would be a corporation that is incorporated in the state of Delaware.


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Dividends are income to the receiving corporation. If it is a sub-chapter S corporation, it is income to the shareholders, as is any other income of the corporation.


Who are the creditors of a corporation?

Bondholders are creditors of a corporation; they have loaned the corporation money and received bonds as evidence of the corporation's. Stockholders, both common and preferred, are owners of a corporation. (STOCKHOLDERS ARE NOT THE CREDITOR)


Who is responsible for the debt of a corporation?

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What is the difference between a public corporation a private corporation and a crown corporation?

"Public Corporation" can refer to a corporation that offers shares on the public market, or it can refer to a corporation that is owned by the government. Similarly, "Private Corporation" can refer to any corporation that is not government owned, or a corporation that does not list its shares on public share markets. A "crown corporation" is one that is owned by the government. This term is more widely used in UK, some Commonwealth countries and other monarchies.


Who are the main creditors of a corporation?

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Is XEROX with Microsoft?

The Xerox Corporation is an independent corporation, not a subsidiary of any other corporation.