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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 ... (More)
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Business and Money|No Subcategories|Expert Answered
Asked 9/12/2012 7:51:21 AM
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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 ... (More)
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Business and Money|No Subcategories|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 ... (More)
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Business and Money|No Subcategories|Expert Answered
Asked 9/12/2012 5:43:09 PM
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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)
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Business and Money|No Subcategories|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)
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Business and Money|No Subcategories|Expert Answered
Asked 9/14/2012 4:32:20 PM
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