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Q: How did corporations come into existence?
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When did s-corporations come into existence?

S-corporations were introduced in 1958 through the Small Business Investment Act. They are a specific type of corporation that allows for pass-through taxation, similar to partnerships.


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What are advantages of a corporations?

The biggest advantage is that the liability of the owners of the corporations is limited to the extent of their financial involvement. There are many advantages to being a corporation. These advantages include name protection, additional credibility, tax breaks, and perpetual existence.


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What are the two basic reasons that poor nations remain at the bottom of the world stratification order?

The existence of neocolonialism and the influence of multi-national corporations


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