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A company becomes a corporation if the owners choose for it to be so. The main advantage of a corporation over other forms of company is that the directors (owners) protect their assets from the company's creditors. They are only liable under most circumstances to lose the investment that they have put into the business. There are also personal tax benefits for the directors of corporations.
What else can I help you with?
Can a Limited Liability Company later become an S Corporation?
How does a company become a corporation?
How can you be a part owner of a corporation?
If company listed in stock exchange then anybody can purchase it's shares and become owner of corporation.
How does a corporation become public?
By selling stock in the company to the public.
Why did the British broadcasting company change to the British broadcasting corporation?
A company turns into a corporation when one or more people invest in it (put money in the company to own part of it), the investors then become shareholders and the company's legal status turns into a corporation.
When you buy stock in a corporation do you become part owner of that company?
Yes
When you buy stock in a corporation you become part owner of that company.?
Yes
What is a limited corporation on Business Tycoon Online?
A limited corporation is the size of your company, if you upgrade it and upgrade it etc, it will become a big corporation and many other things.
What year did EandTrade become a corporation?
ETrade became a corporation in 1982 in Palo Alto, California. Its CEO's are Friedberg and Audette who started the company in '82. It is one of the biggest corporation in NSDAQ
Why would a large corporation become an LLC?
Generally it wouldn't. A corporation already has limited liability, so owners (stock holders) are only liable for their investment in the company and their personal assets cannot be seized if the company fails.
What is Corporation Service Company's population?
The population of Corporation Service Company is 1,000.
When was Corporation Service Company created?
Corporation Service Company was created in 1899.
What is a Corporation Service Company?
A Corporation service company goes out and does all the repairs for a company, be it technical or janitorial so that the corporation doesn't have to hire more people for it.
