This corporation does not function to make a profit and does not pay taxes.
What is a non-profit corporation?
100
Decides when dividends are to be distributed.
What is the Board of Directors?
100
Allows another person to legally vote for the shareholder at the annual meeting.
What is a proxy?
200
The minimum amount of people needed to form a corporation?
What is two?
200
Type of business that is many in number but small in size.
What is a proprietorship?
200
The official document that a state grans a corporation to operate.
What is a charter?
200
Cannot create contracts for a corporation.
What is a shareholder?
200
Approves additional activities added to a business.
What is the state?
300
Considered the top officer of a coporation.
What is a CEO?
300
The mimimum amount of stock one must own to be considered a stockholder.
What is one share of stock?
300
A business that sells more goods and services.
What is a corporation?
300
Elects the members of the Board of Directors.
What are the shareholders?
300
An agreement between two or more companies to work together to provide a good or service.
What is a joint venture?
400
Network of companies that form alliances among themselves as needed to take advantage of market conditions and can operation internationally.
What is Virtual Corporation?
400
A business owned & operated by it's user members for the purpose of supplying themselves with goods & services that they could not have obtained individually.
What is a cooperative?
400
If a corporation fails, the stockholder's liability.
What is the value of his stock?
400
The easiest to transfer - ownership, share of stoke or part of an ownership.
What is a share of stock?
400
Determines the number of votes a stockholder has.
What is the number of shares?
500
A benefit of a limited liability corporation.
What is lower taxes?
500
CEO stands for this.
What is Chief Executive Officer?
500
Name, purpose and capital stock.
What are three things stated in a Certificate of Corporation?
500
The financial responsibility a stockholder has.
What is the value of his stock?
500
Besides lower taxes, another benefit of a limited liability corporation.