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Q: How is a gift to a corporation treated?
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What is ProAssurance Corporation's motto?

ProAssurance Corporation's motto is 'Treated Fairly'.


Can a corporation give a car as a gift?

Yes


What is a corporation that specializes in arranging baby gift baskets?

Pottery Barn is one such corporation. They have a number of baby gift basket arrangements for sale in their stores. They are the perfect gift for the new parents you know!


Which of these business organizations is treated by law as if it were an individual person?

corporation


What is a organization owned by many people but treated by law a though it were a single person?

a corporation


What is an organization owned by many people but treated by law as thought it was a single person?

Corporation


What are the Difference between bore well water and corporation water?

corporation water is sewage treated water and bore well water is under ground water


What is defacto status?

It depends on the context. Generally, it simply means that something, while not technically created, is still treated as if it had been created. For example, a corporation may exist in some states even though the proper paperwork hasn't been filed yet. If the founder of the corporation is acting as if the corporation exists, opening accounts, signing contracts in the corporation's name, the corporation may, under the state's laws, be treated as existing before the paperwork is filed.


Is a gift from child to parent treated the same as a gift from parent to child?

Parents have about the same enthusiasm when they get a present from there kids as the kids when they get a present from their parents.


Can you become a shareholder of a private corporation without purchasing shares?

if shares are inherited of given as a gift, yes


Is money received for work done for a family member taxable income or can it be treated as a gift?

Its income


How should depreciation be treated in budget preparation by a nonprofit corporation?

How should depreciation be handled in a non profit budget?