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To become a corporation, a list of procedures must be followed. Although there are several types of corporations, only the general corporation will be discussed here. The general corporation is also know as a "C" corporation and a domestic corporation. The biggest advantage of a corporation is that it is a separate legal entity and... more »
Intel Corporation is the self-styled "world leader in silicon innovation." Its primary area of business is the production of microchip processors that power a wide variety of electronic devices, including personal computers. The widely-quoted maxim that the number of components that could be placed on a computer chip would double... more »
Technology has provided the business world with a mulititude of communication options. Despite the convenience of email and a corporate intranet, communications in a corporation can still be insufficient and ineffective. Know how to make the most of your face time with employees and utilize tools such as newsletters to share... more »
Electing to be a Subchapter S corporation has its benefits, but there's a time when a business will want to convert to a C corporation. This happens when the company wants to enlarge its shareholder base, such as if it were going public, or issue different types of shares, among other reasons. It's relatively easy to convert an S... more »
Small businesses have several options when looking to move to a corporate structure. From LLC to S-Corp and C-Corp, each choice has several advantages. Which structure to use depends on the goals and direction of the company. This fact sheet covers the main advantages for C Corporations. more »
One of the best ways to help create buzz on and offline about your business is to create...
Many small-business owners start on a shoestring budget, sometimes due to a simple lack of...
If you have a fresh crop of employees you need to train, you may not know where to start....
From Main Street to Wall Street, everyone's feeling the squeeze of the credit crunch in the...
Corporation bankruptcy laws are similar to personal bankruptcy regulations, but offer a major difference. Businesses can file for Chapter 7... more »
Not every corporation is motivated by profit. Some businesses are designed to serve a public need, and the federal government encourages these by... more »
Alumni groups and fraternal societies are two examples of social clubs that can receive special tax treatment by the IRS. If these organizations... more »
Closing a corporation properly is just as important as forming one. Each state has its own procedure and documents for closing down corporations,... more »
There are plans to protect your major stock assets from maximum taxation upon your death. Making gifts of stocks is just one way to protect your... more »
A nonprofit corporation provides programs and services that benefit the public. A nonprofit fills a need not being met at the local, state or... more »
Partnerships and corporations are similar in that they are both business organizations that are owned by a number of people. However, the... more »
A subchapter "S" Corporation is a business that chooses special tax status after it becomes incorporated. An S Corporation limits the owners'... more »
Sony Corporation owns numerous subsidies. Besides its core electronics business, which produces consumer and professional equipment, Sony has a... more »
A corporation is a legal entity separate from the shareholders and employees. In British tradition it is the term designating a body corporate, where it can be either a corporation sole (an office held by an individual natural person, which is a legal entity separate from that person) or a corporation aggregate (involving more persons). In American and, increasingly, international usage, the term denotes a body corporate formed to conduct business, and this meaning of corporation is discussed in the remaining part of this entry (the limited company in British usage).
A corporations is a separate legal "person". It exists as a product of corporate law, under rules that balance the interests of the management who operate the corporation; creditors who loan the corporation money, goods or services; shareholders, who hold shares (fractional interests in the corporation) related to their investment of capital; employees who contribute (sell) their labor; and the clients they serve. In most circumstances, people work together in corporations to produce value and generate income. In modern times, corporations have become an increasingly dominant part of economic life. People rely increasingly on corporations for employment, goods, services, economic growth and cultural development.
An important feature of a corporation is limited liability, which results from the fact that a corporation is considered a separate legal person. If a corporation fails, its shareholders normally only stand to lose their investment (and possibly, in the unusual case where the purchase price for the shares is not fully paid, any amount outstanding - and not even that in the case of a No liability company), and employees will lose their jobs, but neither will be further liable for debts that remain owing to the corporations creditors unless they have separately varied this by contract, e.g., with personal guarantees. This rule is called limited liability, and it is why the names of read more at » http://en.wikipedia.org/wiki/Corporation
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