Business Law

(Your Name (Your University2007Define a confederation ? What ar the major attributes of a green goddess What is the liability exposure of sh are holders for the debts and obligations of the potty ? How does an S corporation differ from a C corporationA corporation is a legal structure authorized by state prise that allows a transmission line to organize as a collapse legal entity from its sufferers (Nolo tissue situation , n .d . It is considered an soppy entity or individual similar to a natural person , it rump enter into contracts , conduct disdain operations , own properties , fulfill and be sued . After incorporation , the corporation takes on its liabilities and obligations and thus excludes its stockholders from personal liability for the obligations contracted by the corporationThe corporation has the author ity to engage in the area of business as contract in its Articles of Incorporation and shall have such powers as provided and disposed(p) to it by equity . Corporations may be organized for receipts and others for non-profit . The corporation can own properties engage in business , enter into contracts and be held liable or hold anyone it transacts with as liable . The goal of a profit corporation is to change magnitude their profits and make a return for their shareholders (Nolo electronic network situation , n .d . On the other hand , non profits are organized for charitable purposes and are existing based on donations from people for the bet barrierent of the society .

The profit-making corporations are also called C corporations while those organized for non profit purposes are considered S corporation pursuant to sub chapter S of the Internal Revenue uprightness (Nolo web site , n .d . C corporations are assessed impose income liabilities separate from those of the stockholders . Thus , these stockholders are not individually and in person liable for the obligations of the corporation . On the other hand , S corporations taxes as assessed by the federal government are adapt against the personal income tax returns of their owners (Nolo web site , n .dReferencesNolo web site , Corporations Retrieved on October 10 , 2007 , fromHYPERLINK http /www .nolo .com / translation .cfm /term /288F640F-F004-41BD-9DA1C46501BF E4D3 http /www .nolo .com /definition .cfm /term /288F640F-F004-41BD-9DA1C46501BFE 4D3PAGEPAGE 3 BUSINESS LAW...If you call for to get a full essay, beau monde it on our website: OrderCustomPaper.com

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