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What is the difference between a corporation and being incorporated?

A corporation is a business that has been legally incorporated. Being incorporated is signified by the initials Inc. after a business or after the name of a person who has incorporated themseves as a corporate business.


What is the difference between corporation and cooperatives?

a corperation is a business and cooperatives people who volenteer


A contract between a business and a state recognizing the business as an artificial person is known as?

This is sometimes known as a Corporate Charter & other times known as the Articles of Incorporation.


As an corporation, am I responsible or liable for depositing employment tax?

Yes, you are responsible for depositing employment tax. The liabilities for the tax are split between the corporation and the business owner


How do you open cargo business by sea?

you need to have connections between company get big ships and a lot of cargo crates


What is the difference between corporation and enterprise?

There is a difference between a corporation and an enterprise. An enterprise is used in reference to all angles of business especially one that has departments. Corporations on the other hand are legal entities where it can offer public stock.


How is Partnership distinguish from corporation?

There are four main differences between a partnership and a corporation. Those differences are how liability is distributed, how taxes are assessed, the flexibility of running and selling the business, and how it raises capital.


Business Setup - Sole Proprietorship, Partnership or Corporation?

When starting a small business, one of the very first things you need to decide is the type of business setup you want to have. The 3 basic types of business setups are a sole proprietorship, a partnership and a corporation. Only one of these setups will protect your personal assets from possibly being forfeited to satisfy the liabilities that may be incurred by the business. A corporation is a separate legal entity and has all the power to hire employees, handle finances and conduct day-to-day business operations that an individual operating as a sole proprietor. The main difference between a corporation and a sole proprietor or general partnership is with liability. An individual or partners in a business can be sued or held personally responsible for the actions of a business while a corporation protects the shareholders from any personal liability.


What is the difference between firm and industry?

An industry is a type of business in the economy while a firm is a unit or entity carrying a portion of the business in an economy.


What is the Difference between partnership organization and a corporate business organization?

There are several differences, but the main one is this. A corporation is a separate legal entity. A partnership is not.


What is corporate parenting?

Views a corporation in terms of resources and capabilities that can be used to build business unit value as well as generate synergies across business units Generates corporate strategy by focusing on the core competencies of the parent corporation and the value created from the relationship between the parent and its businesses


What is difference between business ethics and corporate governance?

the main difference between corporate governance and ethics is that the ethics are the philosophical and morally decent standards that a corporation attempts to stand by, while governance processes are the means by which a corporation attempts to remain as ethical as possible while still making a profit. The governance obligations and operations of a corporation vary depending on its type. For example, a sole-proprietorship--a business owned by a single person--has different financial necessities and legal obligations than a massive, publicly-traded corporation