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True of False For legal purposes a business corporation can be a citizen of a state?
No - to be a "citizen" of a state you have to have an actual living person. Corporations do not meet this requirement.
What is the CA corporation number for this business entity?
The CA corporation number for this business entity is a unique identification number assigned by the state of California to a corporation registered in the state.
What is a business that is chartered by the state and usually owned by shareholders?
A corporation
Can a small business become a corporation?
Yes, most certainly. The information you'll need to incorporate a small business will be found on the Secretary of State's web site of the state where you wish to establish your corporation.
What was a corporation?
A business that is recognized by a single state and is given certain rights
What a corporation?
A business that is recognized by a single state and is given certain rights
Are there any annual fees for being a corporation or business?
Check with the Secretary of State of the state where the corporation or business is formed. Most states require an Annual Report and may charge a fee for this Annual Report.
A business that is owned by stockholders is called?
State a business formed to manufacture or supply product for a profit
If a corporation is formed and does no business for the 1st year do they still have to pay taxes?
Yes. In this state a corporation still has to pay a fee even if it did no business. It does not have to pay corporate income tax.
What is a chartered corporation?
A license granted by the state that gives the business the right to operate.
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.
What does foreign profit corporation means?
A foreign profit corporation is a business entity that is incorporated in one state or country but conducts business in another state or country. It is considered "foreign" in any jurisdiction outside of its home state or country where it is not incorporated. These corporations must typically register to do business in each jurisdiction where they operate, complying with local laws and regulations. The term highlights the cross-jurisdictional nature of the corporation's operations.
