Genius

A corporation can be organized for the purpose of making a profit

A corporation can be organized for the purpose of making a profit 



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 nonprofit.
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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05 Apr 2016

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  1. Genius

    A corporation can be organized for the purpose of making a profit

    A corporation can be organized for the purpose of ma ****** ******
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