Many businesses — small ones in particular — make the decision to seek some type of legal and liability protections, as well as special tax treatment. This is typically done through adopting a business organization form that will effectively separate the business owner s from the business itself. In doing so, the obligations and liabilities of the business become the responsibility of the business entity, and not its owners.
The English used in this article or section may not be easy for everybody to understand. You can The corporation Wikipedia by reading Wikipedia: How to write Simple English pagesthen simplifying the article.
December For other uses, see Corporation disambiguation. A corporation is a union of natural persons that has its own legal status.
This status is independent from the persons involved.
Because it is recognized by governments as a separate entitythe corporation must file tax returns and pay taxes and conform to state and federal law.
This separation of persons and corporation gives it special powers. A corporation's status and capacity is determined by the law of the place of incorporation. Investors and entrepreneurs often form joint stock companies. Therefore, the term corporation often means such business corporations.
Corporations may also be formed for local government municipal corporationpolitical, religious, and charitable purposes not-for-profit corporationor government programs government-owned corporation.
In common speech, the word "corporation" refers usually to limited responsibility corporation. That is a business firm where each of the partners invest a sum of money in as the capital of the corporation.
They receive shares for the sum they have invested. If the company becomes bankruptthe business partners are responsible for only the name value of their shares of the company's debts. The partners do not use their personal money to pay for the debt.WASHINGTON – The Pension Benefit Guaranty Corporation announced that it has approved a partition application and will provide early financial assistance to the Teamsters Local Pension and Retirement Plan (Local Plan), a trucking industry multiemployer pension plan b.
Foreign Corporation Forms; Your Filing Options. File online with a credit card. OR. Complete the fillable PDF form using your computer. Print and sign it.
Mail it to the Division of Corporations with the required payment. OR. Print the PDF form. Complete it using blue or black ink. Nov 06, · energy is at the heart of everything we do. Our success is driven by our people and their commitment to get results the right way – by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth.
Kimberly-Clark (NYSE: KMB) and its trusted brands are an indispensable part of life for people in more than countries. Fueled by ingenuity, creativity, and an understanding of people’s most essential needs, we create products that help individuals experience more of what’s important to them.
Investment products are offered by Capital One Investing, LLC, a registered broker-dealer and Member FINRA/SIPC.
Investment advisory services are provided by Capital One Advisors, LLC, an SEC-registered investment advisor. Insurance products are offered through Capital One Agency, LLC. All are subsidiaries of Capital One Financial Corporation. A C corporation is a business term that is used to distinguish this type of entity from others, as its profits are taxed separately from its owners under subchapter C of the Internal Revenue Code.