Corporation is defined as an association of individuals, created by law or under authority of law, having a continuous existence independent of the existence of its members, and powers and liabilities distinct from those of its members.
There are hundreds or thousands of corporations in America today. There is no way to know exactly how many corporations are formed each day in each individual state. There are several different types of corporations being both large and small. The most common corporate structure is know as "General Corporation". "Close Corporation" is very similar to General Corporation. The "S Corporation" is mostly desired for corporate tax purposes. Last but not least, many business professionals believe "Limited Liability Company's" present a superior alternative for corporations and partnerships.
No comments:
Post a Comment