Search results
Jun 21, 2024 · They can enter into contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes. A distinguishing characteristic of a corporation is limited liability. Its ...
Business portal. v. t. e. A corporation is an organization —usually a group of people or a company —authorized by the state to act as a single entity (a legal entity recognized by private and public law as "born out of statute"; a legal person in a legal context) and recognized as such in law for certain purposes.
Non-Profit Corporation. Commonly used by charitable, educational, and religious organizations to operate without generating profits. A non-profit is exempt from taxation. Any contributions, donations, or revenue received are retained in the entity to spend on operations, expansion, or future plans.
See all examples of corporation. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
6 days ago · You can form a corporation yourself, use an online business formation service or consult with an attorney. Startup expenses range depending on the business needs and type. Read our simple guide...
Jul 15, 2024 · Corporation, specific legal form of organization of persons and material resources, chartered by the state, for the purpose of conducting business. Its features include limited liability and juridical personality, which means that the corporation itself as a fictive ‘person’ may sue and be sued and may make contracts.
Jun 8, 2024 · Understanding Incorporation. Incorporation is the broad term to describe a business registered with a state to become a separate legal entity. That business entity often is owned by shareholders...
Dec 19, 2022 · C Corporation. C corporations are a type of legal entity that’s taxed separately from its owners. Corporations offer the strongest protection to their owners from personal liability, but as a...
- www.nolo.com
- › …
- › Corporations
Oct 2, 2020 · The corporation pays taxes on whatever profits are left in the businesses after paying out all salaries, bonuses, overhead, and other expenses. To do this, the corporation files its own tax return, Form 1120, with the IRS and pays taxes at a special corporate tax rate.
Corppass. Users can now terminate their accounts directly through Corppass. For admins of ASGD and GSTN entities, please contact IRAS to manage your accounts. Account Creation for Admins was affected by processing delays from 4 PM on Wed, 24th July 2024 till 12 PM on Thu, 25th July 2024.
