answersLogoWhite

0

A business becomes a corporation after filing paperwork with the government of the country the business is located in. Although the term "corporation" is usually used to refer to large businesses, a small business can become a corporation if it fills out the proper paperwork.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

What is a rational cooperation?

A business or corporation that has to ration out there materials to become a full fledged business or corporation.


What is a limited corporation on Business Tycoon Online?

A limited corporation is the size of your company, if you upgrade it and upgrade it etc, it will become a big corporation and many other things.


Can a small business become a corporation?

Yes, most certainly. The information you'll need to incorporate a small business will be found on the Secretary of State's web site of the state where you wish to establish your corporation.


Is a corporation a business that does international business?

yes


What is the opposite of a corporation?

A business owned by an independent business owner, or the business term would be a sole-proprietorship would be the opposite of a corporation.


Can a Limited Liability Company later become an S Corporation?

How does a company become a corporation?


When was Lechmere Point Corporation Houses created?

Lechmere Point Corporation Houses was created in 1821.


How does a corporation differ from other types of businesses?

Corporation= A business made by the gov. Business= A job made by individuals.


What is the symbol for International Business Machines Corporation in the NYSE?

The symbol for International Business Machines Corporation in the NYSE is: IBM.


Can you be a sole proprietor and a corporation?

No, you cannot be both a sole proprietor and a corporation simultaneously, as these are distinct legal structures. A sole proprietorship is an unincorporated business owned and operated by a single individual, while a corporation is a separate legal entity owned by shareholders. However, an individual can operate a sole proprietorship and later choose to incorporate their business, at which point they would transition from being a sole proprietor to being part of a corporation.


Can a corporation assume a residential mortgage?

Type your answer here... No, if the business is a corporation.


When did big business start in the US?

This is tough to define. The birth of the corporation dates back to Rome. The first corporation as we know it is the Dutch East India Company founded in 1602. American business started to become what it is today in the later half of the 1800's with the industrial revolution.