Image Image Image Image Image Image Image Image Image

21 May

By

Corporation

May 21, 2014 | By |

Share This

A corporation is created to function as a separate legal and tax entity, independent of the people who own and manage it. It can enter agreements, incur debts and be taxed apart from its owners. A corporation is required to file articles of incorporation with its home state, create corporate by-laws, issue stock certificates and comply with a number of corporate formalities.

 

« Back to Glossary Index