Corporations
C corporations
S corporations
Advantages
Disadvantages
100

Corporations are legally separate from the corporations of what?

What are shareholders?

100

The file form that needs to be filled out to obtain an employers identification?

What is SS-4?

100

The for that needs to be filled out is?

What is 2553?

100

They do not pay what?

What is Federal taxes?

100

Excessive paperwork due to what?

What is taxing?

200

Owners of the shareholders determine the amount of what?

What are stocks or shares held?

200

Required to hold how many meetings a year for shareholders and directors?

What is once a year?

200

How many limited shareholders?

What is 75-100 shareholders at a time?

200

Continues to exist as owners change and members of management are what?

What is replaced?

200

Board of directors could remove you from the what?

what is the business?

300

Board of directors or shareholders handle business how?

What is directly? 

300

Corporations can sell shares of stock to what?

What is raising money to fund business expansion?

300

Limited to how many types of stock?

what is one type of stock?

300

May have many? 

What are shareholders and stockholders?

300

Government oversight requires detailed reports of what?

What is business activities?

400

A corporation has all the legal rights of an individual, except for what?

What is the right to vote and other restrictions?

400

 Heavily regulated and must furnish certain business and financial information to who?

What is the government?
400

No stockholders can be what?

what is foreign?

400

Ability to offer (sell) shares of what?

What are stocks?

400

Investors receive dividend and distribution rights, regardless of whether the investors have what?

What are have voting rights?

500

A corporation is?

What is a company or group of people authorized to act as a single entity?

500

can compensate employees with stock and often offer other what? 

What is attractive jobs?

500

May pass income directly to shareholders and avoid what?

What is double taxation?

500

Limits the personal liability of who?

What are directors, shareholders, employees, and officers?

500

You can’t own a corporation meaning board of directors will take what?

What is charge?