Question and answer
Question not found
Ask a question
Not a good answer? Get an answer now. (Free)
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Why does a company choose to form as a corporation? What are the steps required to become a corporation? What are the advantages and disadvantages of the corporate form of doing business
Weegy: Unlimited life, pooling of resources from anonymous investors and limited liability. Forming a corporation depends on what kind. Simple LLCs can be formed for under $250 by filling out of Secretary of State form most places. [ Forming a Bank Holding Company requires multiple levels of licensing and millions in initial capital. Each legal classification of corporation has substantially different requirements for formation, and in the USA there are over 40 legal forms of incorporation. Chief disadvantage is double taxation for C type (public stock) corporations. Also unrelated business income tax can complicate issues as well as corporations have higher baseline maintenance costs than do pass-through entities. ] (More)
Question
Expert Answered
Asked 9/12/2012 7:51:21 AM
0 Answers/Comments
Why does a company choose to form as a corporation?
Weegy: thanks for using weegy. Most business owners form corporations to protect themselves against financial and legal liabilities. [ In other words, a corporation keeps your business dealings, assets, and bank accounts separate from your personal assets. Forming a corporation has many advantages. Personal asset protection a both corporations and LLCs allow owners to separate and protect their personal assets. In a properly structured and managed company, owners should have limited liability for business debts and obligations. Additional credibility; by adding "Inc." or "LLC" after your business name can add instant authority. Consumers, vendors, and partners may prefer to do business with an incorporated company. Name protection because in most states, other businesses may not file your exact corporate or LLC name in the same state. Perpetual existence because Corporations and LLCs continue to exist even if ownership or management changes. Sole proprietorships and partnerships just end if an owner dies or leaves the business. Tax flexibility - Though profit and loss typically pass through an LLC and get reported on the personal income tax returns of owners, an LLC can also elect to be taxed as a corporation. Likewise, a corporation can avoid double taxation of corporate profits and dividends by electing Subchapter S tax status. Deductible expenses - Both corporations and LLCs may deduct normal business expenses, including salaries, before they allocate income to owners. Some of the disadvantages are The process of incorporation requires more time and money than other forms of organization. Corporations are monitored and subject to rules of entities: federal, state and some local, and therefore may have to meet many more requirements and administrative documents to demonstrate compliance. The incorporation of a company could result in paying more taxes. ] (More)
Question
Expert Answered
Asked 9/12/2012 5:15:55 PM
0 Answers/Comments
What are the steps required to become a corporation?
Weegy: Here's what you must do: 1. Choose an available business name that complies with your state's corporation rules. 2. Appoint the initial directors of your corporation. 3. [ File formal paperwork, usually called "articles of incorporation," and pay a filing fee that ranges from $100 to $800, depending on the state where you incorporate. 4. Create corporate "bylaws," which lay out the operating rules for your corporation. 5. Hold the first meeting of the board of directors. 6. Issue stock certificates to the initial owners (shareholders) of the corporation. 7. Obtain any licenses and permits that are required for your business. ] (More)
Question
Expert Answered
Asked 9/12/2012 5:43:09 PM
0 Answers/Comments
What are the advantages and disadvantages of the corporate form of doing business?
Weegy: Corporations can offer great advantages such as the ability to more easily raise capital, ownership is easily transferrable through the sale of stock, and offer limited personal liability to the owners.However, [ they can be substantially more expensive to create, are more highly regulated and are subject to significantly higher taxation (income is taxed and then dividends to shareholders are taxed again). ] (More)
Question
Expert Answered
Asked 9/12/2012 5:58:08 PM
0 Answers/Comments
What are the different types of dividends corporations may issue?
Weegy: cash, property, stock, scrip, liquidating dividends User: Do you prefer a stock dividend or a cash dividend? Why? Weegy: I prefer stocks as you can avoid paying taxes until the stocks are sold (More)
Question
Expert Answered
Asked 9/14/2012 4:32:20 PM
0 Answers/Comments
19,195,280 questions answered
Popular Conversations
If you multiply a trinomial by a monomial, what type of polynomial ...
Weegy: If you multiply two binomials together, the product will be TRINOMIAL. User: When using FOIL to multiply the ...
1/26/2015 8:55:33 AM| 4 Answers
Simplify 5t + (t - 3) - [(7t + 5) - (8 - 3t)].
Weegy: 5t + (t - 3) - [(7t + 5) - (8 - 3t)] The simplified form is -4t User: ax + by + c, 2ax - 3by + c, and by - c ...
1/26/2015 12:15:43 PM| 4 Answers
Simplify 5(R + 2) - 6
Weegy: 5(R + 2) - 6 5R + 10 - 6 5R + 4 User: Simplify 3 - (2 - 8) Weegy: (3)/(7)-(4)/(m) = (3m/7m) - (28/7m) = (3m ...
1/26/2015 7:21:10 AM| 3 Answers
Simplify 3x + (-12x) - 5x. -14x -9x 10x 20x
Weegy: A)-14x. 3x + (-12x) - 5 = -14x User: Simplify 3x + 3 + 2. 3x + 5 5x + 3 8x User: Simplify -12x + ...
1/26/2015 12:27:43 PM| 3 Answers
What is the transatlantic cable?
Weegy: A transatlantic telecommunications cable is a submarine communications cable connecting one side of the Atlantic ...
1/26/2015 12:49:34 PM| 3 Answers
Solve. m -5= 1/32
1/26/2015 2:19:45 PM| 3 Answers
Our esteem-based needs are met by developing self-respect and ...
Weegy: Our esteem-based needs are met by developing self-respect and achieving our personal goals. This is TRUE. ...
1/26/2015 9:09:19 PM| 3 Answers
What is the difference between variable and fixed costs? User: What ...
Weegy: Productivity in economics refers to metrics and measures of output from production processes, per unit of input. ...
1/27/2015 7:55:37 AM| 3 Answers
Write the quadratic equation in general form. What is the value of b ...
Weegy: Hence the ball would take about 4 seconds to hit the ground, so the answer is A).4 seconds User: Write the ...
1/27/2015 1:57:55 PM| 3 Answers
If the work put into a lever is 930 joules and the work accomplished ...
Weegy: ... moving 1 meter against a force of 1 newton, so yes one newton.meter is one joule. ... in grams? ... of ...
1/27/2015 2:01:47 PM| 3 Answers
What is 3+3×3÷3-3
Weegy: 23 x 3=69 User: What is Ground Zero
1/27/2015 5:03:53 PM| 3 Answers
Weegy Stuff
S
L
Points 1834 [Total 1855]| Ratings 0| Comments 1834| Invitations 0|Offline
S
L
P
L
P
Points 1370 [Total 6647]| Ratings 0| Comments 1370| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
P
Points 625 [Total 15636]| Ratings 0| Comments 625| Invitations 0|Offline
S
L
Points 438 [Total 1119]| Ratings 2| Comments 418| Invitations 0|Offline
S
1
L
L
Points 253 [Total 6953]| Ratings 0| Comments 253| Invitations 0|Online
S
P
C
L
P
L
1
Points 92 [Total 6680]| Ratings 1| Comments 82| Invitations 0|Offline
S
Points 87 [Total 102]| Ratings 0| Comments 87| Invitations 0|Offline
S
L
Points 83 [Total 1644]| Ratings 0| Comments 83| Invitations 0|Offline
S
Points 63 [Total 445]| Ratings 0| Comments 63| Invitations 0|Offline
S
Points 50 [Total 52]| Ratings 0| Comments 0| Invitations 5|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.