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Corporation - Wikipedia Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: whether they can issue stock, or whether they are formed to make a profit [2]
Corporation: What It Is and How to Form One - Investopedia Corporations are formed by individuals who file articles of incorporation in the state where they intend to operate Corporations can enter into contracts, loan and borrow money, sue and be sued,
Forming a corporation - Internal Revenue Service In forming a corporation, prospective shareholders exchange money, property, or both, for the corporation's capital stock A corporation generally takes the same deductions as a sole proprietorship to figure its taxable income A corporation can also take special deductions
Corporation | Definition, History, Facts | Britannica Money Corporation, specific legal form of organization of persons and material resources, chartered by the state, for the purpose of conducting business Its features include limited liability and juridical personality, which means that the corporation itself as a fictive ‘person’ may sue and be sued and may make contracts
corporation | Wex | US Law | LII Legal Information Institute A corporation is an entity that acts as a single, fictional person Much like an actual person , a corporation may sue, be sued, lend, and borrow Additionally, a company which has been incorporated can easily transfer ownership through stock sales and exist indefinitely
Corporation Basics | What Is a Corporation? - Nolo Corporation Basics | What Is a Corporation? Corporations limit personal liability for business debts, but running them takes work Why Trust Us? Fact-Checked Nolo was born in 1971 as a publisher of self-help legal books Guided by the motto “law for all,” our attorney authors and editors have been explaining the law to everyday people ever since
What is a Corporation? Definition, Types, How to Form One - SMB Guide A corporation is a legal entity that’s separate from its owners The main benefit of making your business a corporation is that it removes personal liability for things like debt and legal issues There are two types of corporations, S corps and C corps, which deal with the corporation’s income tax
What is a Corporation? - Various Types and Reasons to Incorporate What is a Corporation? A corporation is a legal entity created by individuals, stockholders, or shareholders, with the purpose of operating for profit Corporations are allowed to enter into contracts, sue and be sued, own assets, remit federal and state taxes, and borrow money from financial institutions
Guide to Corporations: Definition and Types - Shopify Find out the full definition of a corporation in this post Corporations are businesses that are treated like individual people by the law A corporation can own assets, hire employees, sign contracts, and exercise individual rights