You have new items in your feed. Click to view.
Question and answer
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?
User: 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? A corporation is a separate legal entity that has [ been incorporated through a legislative or registration process established through legislation. Incorporated entities have legal rights and
liabilities that are distinct from their employees and shareholders,[1] and may conduct business as either a profit-seeking business or not for profit business. Early incorporated entities were established by charter (i.e. by an ad hoc act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration. In addition to legal personality, registered corporations tend to have limited liability, be owned by shareholders[2][3] who can transfer their shares to others, and controlled by a board of directors who are normally elected or appointed by the shareholders. In American English the word corporation is widely used to describe large incorporated businesses.[4] In British English and in the commonwealth countries, the term limited company is more widely used to describe the same sort of entity while the word corporation encompasses all incorporated entities. In American English, the word company can include entities such as partnerships that would not be referred to as companies in British English as they are not a separate legal entity. Despite not being human beings, corporations, as far as the law is concerned, are legal persons, and have many of the same rights and responsibilities as natural people do. Corporations can exercise human rights against real individuals and the state,[5][6] and they can themselves be responsible for human rights violations.[7] Corporations can be "dissolved" either by statutory operation, order of court, or voluntary action on the part of shareholders. Insolvency may result in a form of corporate failure, when creditors force the liquidation and dissolution of the corporation under court order,[8] but it most often results in a restructuring of corporate holdings. ]
Expert answered|vjmeneses01|Points 30|
Question
Asked 8/13/2013 1:26:39 PM
Updated 8/13/2013 2:12:51 PM
1 Answer/Comment
Get an answer
New answers
Rating

There are no new answers.

Comments
When you take information from another website, you must provide a link to your source.

Please review the rules
Added 8/13/2013 2:12:51 PM
Add an answer or comment
Log in or sign up first.
26,185,853 questions answered
Weegy Stuff
S
L
P
P
P
P
P
Points 893 [Total 4965] Ratings 2 Comments 873 Invitations 0 Offline
S
P
1
L
Points 663 [Total 1543] Ratings 5 Comments 613 Invitations 0 Offline
S
Points 205 [Total 499] Ratings 0 Comments 205 Invitations 0 Offline
S
Points 100 [Total 100] Ratings 0 Comments 100 Invitations 0 Offline
S
L
P
Points 79 [Total 1191] Ratings 0 Comments 79 Invitations 0 Offline
S
Points 72 [Total 72] Ratings 0 Comments 72 Invitations 0 Offline
S
Points 30 [Total 30] Ratings 3 Comments 0 Invitations 0 Offline
S
L
Points 25 [Total 4250] Ratings 1 Comments 15 Invitations 0 Offline
S
L
P
P
P
Points 13 [Total 3875] Ratings 0 Comments 13 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.