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Match each type of business with its purpose. A. Sole proprietorship To benefit a special cause B. Public corporation To make dividends for its stockholders C. Non-profit corporation To make profit fo?
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Is a mutual insurance company Not-for-profit?
A mutual insurance company is a corporation owned by its policyholders who may receive dividends if the insurer's operations are profitable.
Are Dividends considered Interest?
Dividends are income from shares. It is not Interest
How do you open a corporation business in the philippines?
Corporations are separate juridical persons established under the Philippines Corporation Code and regulated by the Philippines Securities and Exchange Commission (SEC). They are an entity separate and distinct from that of the shareholders. The liability of the stockholders of a corporation is limited to the amount of their share capital. A corporation can either be stock which divides it's dividends of profits based on the share structure or non-stock company which is organized principally for public purposes such as charitable, educational, cultural, it does not issue stock. If a registered company is 60% Filipino-40% foreign-owned, is considered a Filipino corporation; If more than 40% foreign-owned, it is considered a foreign- owned domestic corporation. Corporation is good for almost any business with a more complex structure to protect it's members and shareholders. A Philippines corporation can be 100% foreign owned as long is it is not listed on the Philippines Foreign Investment Negative List.Requirements•Must consists of at least five (5) to fifteen (15) shareholders.•Registration of Name with Dept of Trade and Industry DTI.•Submission of duly notarized Articles of Incorporation and By-Laws.•If the Corporation has more than 40% foreign ownership submission of SEC form F-100.•Registration of paid-up capital and affidavit from corporate treasurer.- For 100% Filipino ownership minimum paid up is between 50,000-100,000 Pesos- For Foreign ownership the minimum paid-up is expected to be higher depending on the type of corporation registering.•Licenses and clearance from necessary government offices• Filing of Tax Identification Number TIN with Bureau of Internal Revenue BIR.•If employing individuals must register with government offices.• Business permit and Mayor's License for city of operation.
What is a 'corporation'?
A corporation is a legal entity registered with the state in which it is formed. A corporation is owned by stockholders (the people who buy shares of stock issued by the corporation). The stock of a public corporation can be purchased by anyone through the stock exchange where the corporation is listed. This is simple. It is an economical society of pupils/ adults, working together as a cooperation team.
One of the main disadvantages of the corporate form is the?
double taxation of dividends
A corporation gives out its profits as dividends paid to its?
Stockholders
What is a distribution of earnings to the stockholders of a corporation?
Dividends
Profits of a corporation that is distributed to its stockholders?
dividends
A corporation gives out some of its profits in dividends to whom?
stockholders
What is the term for the portion of a corporation's profits that are given to stockholders?
Dividends
What issues might upset the stockholders of a major corporation?
lack of profit, low dividends
Who protects the stockholders' interests?
The stockholders, who are the owners of a corporation, are served by the board of directors of that corporation. The owners of the corporation (the stockholders) have installed the board members to run the corporation and they, the stockholders, expect the board to operate the corporation in a way that is profitable. Profits are returned to the stockholders in the form of dividends, and the stockholders profits are a direct function of the number of shares each one holds. The shareholders pay the board members large sums of money (and include generous compensation packages, including stock options) for their efforts. The stockholders have a reasonable expectation that the board members will do their best to run the corporation smoothly and will make money, so a corporation's board of directors is tasked with looking out for the interests of the stockholders, who are the owners of the corporation.
Which dividends do not reduce stockholders' equity?
stock dividends
Profits paid to stockholders are called what?
Profits paid to stockholders are called dividends.
Dividends is what type of account?
Dividends are classified as stockholders' equity. They reduce stockholders' equity so they can also be called a contra equity account.
What is a share of profits distributed to stockholders?
dividends
What is a stockholders shares of a company's profits?
Dividends
