Genius

A corporation acts under its own name

A corporation acts under its own name





1.	A corporation is not an entity which is separate and distinct from its owners.



	2.	A corporation can be organized for the purpose of making a profit or it may be not-for-profit.



	3.	A corporation acts under its own name rather than in the name of its stockholders.


	4.	If a corporation pays taxes on its income, then stockholders will not have to pay taxes on the dividends received from that corporation.


	5.	A corporation must be incorporated in each state in which it does business.




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22 Mar 2016

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  1. Genius

    A corporation acts under its own name

    A corporation acts under its o ****** ******
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