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It is both financial and legal in nature. A corporation is a legal entity that is "born" when a human being registers the company under a limited liability company and issues shares to the owner(s). A share does not need to have "cash value" but is essentially the company "DNA." Whether it be a public or private corporation, the corporation "dies" when the company dissolves shares at 100% and the shares are liquidated into cash for the owner(s). Bankruptcy is another form of dissolution but again is driven by how the shares are handled. Taxes of course will apply, but this is a very basic and over-simplified explanation for the process. If you research corporation and how shares work within the entity, then a more detailed response can be located on Wikipedia and your local state/provincial and federal government websites.
What else can I help you with?
What does letters after property owner name mean?
corporation or limited corporation
What does the limited liability of the owners of stock in a corporation mean?
the stockholders of a corporation can lose only what they have invested in the corporation
What does fico mean?
Fair Isaac Corporation
How can a standard business corporation be compelled to dissolve?
In this day and age, unfortunately it's not uncommon for business corporations, whether they be big or small, to be compelled to dissolve. It's usually about the bottom line, whether a company is bringing in enough money to continue to be sustainable.
What does the term 'closely held corporation' mean?
Closely held corporation is referred to a company whose shareholders are of a limited number. Its stock is traded on occasion but not on a regular basis.
What is dissolution in a corporation?
A dissolution of a corporation is a formal action taken to official dissolve, or end the existence of, a corporation.
Can you file chapter 7 on your corporation?
That type of BK is available to corporations wanting to dissolve.
What does dissolve the society mean?
"Dissolve the society" typically refers to the process of disbanding or dismantling an organized group or community. This can occur through legal means, such as a formal decision to dissolve a corporation or organization, or through social or political changes that lead to the fragmentation of a community. The phrase often implies a loss of cohesion, identity, or purpose among the members of the society involved.
What does letters after property owner name mean?
corporation or limited corporation
What does the limited liability of the owners of stock in a corporation mean?
the stockholders of a corporation can lose only what they have invested in the corporation
What is loyalty to a corporation?
Loyalty to a corporation could mean that the corporation gives incentives to keep its customers such as sales and coupons.
What do you mean like dissolve like?
For example polar liquids dissolve polar solids, nonpolar liquids dissolve nonpolar solids.
What does the suffix corp mean?
corporation.
What does it mean if something is insoluble?
It will not dissolve in water.
What does PC after a law firm name mean?
P.C. stands for professional corporation
What does dispersible tablets mean?
the taqblets which can dissolve less than 1 min.-gauravtablet which disintegrate with three minute or less.Ahmed.
What does fico mean?
Fair Isaac Corporation
