A corporation is a firm owned by one or more individuals who own shares of stock that define ownership and rights to profits. Liability is limited to the value of corporation assets. Although corporations constitute the smallest category of business organization in the United States, they conduct ...
What kind of business unit is owned by a single person and has unlimited liabilities? What term means that a business owner is responsible for all the business' losses and debts? What is a share of ownership in a corporation called?
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A corporation is a business that operates as a separate legal entity than its creators. Corporations are taxed at different rates than other business types, and a corporation may have different legal rights and responsibilities, depending on the state where it is incorporated. A corporation can ent...
like LLCs and sole proprietorships, are "pass-through" tax entities, also called disregarded entities. This means the business income is reported on the business owners' personal income tax returns. An S corp, also called a close corporation, can only have 100 shareholders, all of whom must...
Here’s more on what a corporation is, the steps to launch one, and the benefits (and drawbacks) of adopting a corporate business structure.What is a corporation?A corporation is a legal entity owned by one or more individuals, institutions, or even other companies. These owners are known ...
Expansion Opportunities: A corporation often will use franchising as a way to expand its global presence because it enables them as franchisors to benefit from the local knowledge of its franchisees. The franchisor company grants the franchisee the responsibility of expanding in an area or country ...
a. It is a government agency that is changed by Congress to make a profit. b. Each department in the Executive Branch is legally registered as a corporation. c. It is When markets are happy and every company is making profits, who is losing money? How ...
Corporation:A corporation is a standalone legal entity. Profits are not taxed on a pass-through basis, so owners need to pay themselves a salary. There are several types of businesses in this category, including S Corps (note: this is a pass-through entity), C Corps, and nonprofits (typi...
Answer to: According to the agency problem, ___ represent the principals of a corporation. A. shareholders. B. managers. C. employees. D...