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Corporation: What It Is and How to Form One - Investopedia
WebJun 14, 2023 · A corporation is a legal entity that is separate and distinct from its owners. Under the law, corporations possess many of the same rights and responsibilities as individuals. They can enter...
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Corporation - Wikipedia
WebA corporation is an organization—usually a group of people or a company —authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and recognized as such in …
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What is a Corporation? - Various Types and Reasons to Incorporate
WebMar 3, 2020 · 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.
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Corporation | Definition, History, & Facts | Britannica Money
WebSep 15, 2023 · 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.
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Forming a Corporation | Internal Revenue Service
WebFind out what takes place in the formation of a corporation and the resulting tax responsibilities and required forms. In forming a corporation, prospective shareholders exchange money, property, or both, for the corporation's capital stock.
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How To Start A Corporation (2023 Guide) – Forbes Advisor
WebOct 2, 2022 · Read our simple guide to learn how to start a corporation in 2023. We'll walk you through everything you need to know to start your new business today.
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Corporation Definition & Meaning - Merriam-Webster
Webbroadly: a public corporation (as a utility) created to act as an agency of administration and local self-government . Note: As a result of its incorporation, a municipal corporation …
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corporations | Wex | US Law | LII / Legal Information Institute
Webcorporations. Corporations are entities that act 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 …
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How to form a corporation in 11 steps | Legalzoom
WebSep 1, 2023 · 1. Choose a business name 2. Register a DBA 3. Appoint directors 4. File your articles of incorporation 5. Write your corporate bylaws 6. Draft a shareholder agreement 7. Hold initial board of directors meeting 8. Issue stock 9. Obtain business permits and licenses 10. Register your business 11. Open a corporate bank account
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Corporation Basics | What Is a Corporation? | Nolo
WebA corporation is a distinct legal business entity, meaning the business owns property, pays taxes, and enters into contracts separate from its owners. The ownership and management structure of a corporation is different from other business entities.
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