answersLogoWhite

0

A domestic profit corporation is one that aims to generate profits for it's shareholders more so than it's directors or officers. Shareholders have control by electing the directors and officers who run the business day to day.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

What is domestic profit corporation?

domestic Profit Corporation


Is an S Corporation a Non Profit?

No, the S Corporation is a profit corporation. Whenever they make loses or profits, it is usually divided among the shareholders.


What is the difference between corporation and nonprofit corporation?

A corporation such as Microsoft tries to make as much profit as possible where as a non profit Corporation such as a hospital isn't looking to make money


What are the companies that are domestic corporation?

Generally speaking, if a corporation is termed "domestic" it usually means that it does business in its home country. This, for example is the opposite of an international corporation that does business globally.


Can a corporation have a non-profit corporation?

Yes, to take care of all the other biz which is non-givernmental n profit oriented.


How you can know about a corporation type?

Whether it is a profit or non-profit corporation can be ascertained from the company prospectus, its nature of activities,future plannings etc.


Is the American Red Cross non profit?

The American Red Cross is a nonprofit corporation.


Match each type of business with its purpose. A. Sole proprietorship To benefit a special cause B. Public corporation To make dividends for its stockholders C. Non-profit corporation To make profit fo?

A. Sole proprietorship - To make profit for the owner. B. Public corporation - To make dividends for its stockholders. C. Non-profit corporation - To benefit a special cause.


What are some examples of a domestic corporation?

A domestic corporation is any company which conducts business solely in its home nation. Any companies that comply to this definition, would be considered domestic companies.


What are some examples of domestic corporation?

A domestic corporation is any company which conducts business solely in its home nation. Any companies that comply to this definition, would be considered domestic companies.


Domestic bca corporation in Illinois?

What is the difference in a domestic bca and an s corp


Who receives the profit in a corporation?

split it equally