Corporations provide many benefits in terms of liability and taxation vs. a sole proprietorship.
Partners own a company known as a partnership. A corporation is owned by stockholders. A partnership may decide to become a corporation, giving stock to each of the people who were previously partners. The advantage of this is that partners have a personal liability while stockholders do not.
I can only think of BMW used car dealers who are certified with the BMW corporation. After that, you would have to show for a used BMW like any other used vehicle.
How does a company become a corporation?
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Albrecht von Goertz famously designed for the German based automobile corporation BMW. Goertz's most notable works were the designs of the BMW 503 and BMW 507 series.
A corporation may become so large through mergers and acquisitions that it becomes a conglomerate
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The equipment would become a fixed asset of the corporation.
People don't decide to become gay, they're born like that.
Mother Teresa did not decide to become a Catholic. She was born a Catholic.
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.
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