Can the members of a non-stock corporation receive compensation

Q: By definition, which of the following represents the owners of a corporation? Your answer: O…

A: The balance sheet represents the financial position of the business with assets and liabilities on a…

Q: the difference between a Corporation, Partnership, and P

A: There are three different forms of organization and each have own advantages and suitable for…

Q: Which of the following is not among the basic rights of a shareholder? To share in the corporate…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: tax-exempt corporations

A: Tax-exempt status is given to the nonprofit corporation in order to exempt them from paying income…

Q: What is a corporation? Why might founders have chosen to form a corporation rather than a…

A: A corporation is a legal form of business in which shareholders are the owners and corporation has…

Q: If the corporation is considered as de facto, who can question its existence?   Board of Directors…

A: When corporation is considered as de facto, it means that corporation exist even though it may not…

Q: It refers to the natural right of stockholders to subscribe to all issues or disposition of shares…

A: The answer is stated below:

Q: What are the benefits of the corporation in comparison with the partnership and proprietorship…

A: A corporation is a separate legal entity owned by the shareholders, who profit from the company's…

Q: Should the qualifications of the board of directors play a role in your decision whether to buy the…

A: An organization's total capital is bifurcated into many units. Each unit represents ownership in the…

Q: Which circumstance is an example of why Congress established the nonrecognition of gain or loss when…

A: The circumstance that is an example of why congress established the recognition of gain or loss when…

Q: What is the difference between a public and a private corporation? Provide an example of each.

A:

Q: Owners of a corporation are called members. O True O False

A: The answer is false  Refer step 2 for explanation

Q: Which of the following rights allows a shareholder of a corporation to maintain his or her…

A: 1. Preemptive right : it allows shareholder to maintain their proportionate interest in corporation…

Q: When are distributions to shareholders in an s corporation taxable and non taxable?

A: S corporation is one of the popular business entity for people looking for new businesses. The…

Q: What expense do corporations incur that sole proprietorships and partnerships do not?

A: The sole proprietorship and partnerships  will be explained:

Q: What advantages does a corporation have over a sole proprietorship? Whatare the disadvantages of a…

A: There exist different forms of business structures from which we can choose while incorporating a…

Q: What would happen to the corporation if it failed to file by-laws? Would it dissolve the corporation

A: Meaning of Corporation: It refers to a legal entity which is distinct from its owners. Corporations…

Q: Which of the following characteristics best describes a corporation?  business with a single owner…

A: Stockholder’s not personally liable for entity’s debts is the correct answer

Q: What Income tax issues must a corporation consider before it makes a noncash distribution to a…

A: A corporation must determine whether the Fair Market Value of the property is greater or less than…

Q: Which of the following characteristics best describes a corporation?  a. A business with a single…

A: Corporation: The form of business entity ,which is incorporated by state law into a separate legal…

Q: against the majority shareholders?

A: Minority Shareholder-: Minority shareholders are those who carry less than 51% of the shares in a…

Q: Which characteristic of a corporation limits a stockholder's loss to the amount of his or her…

A: One of the type of legal structure of business operation that declares the business as a separate,…

Q: How a corporation is different from a partnership in terms of owner, legal status, liabilities,…

A: The distinction between a corporation and a partnership in terms of owner, legal status, liability,…

Q: True or False? Dividends should be authorized by the shareholders of the corporation.

A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…

Q: In the absence of restrictive provisions, what are the basicrights of stockholders of a corporation?

A:

Q: What are not-for-profit corporations?

A: Definition  A nonprofit corporation is a business that exists for the public welfare rather than for…

Q: .Which of the following is NOT one of the basic shareholder's rights? Which of the following is NOT…

A: Shareholder means a person who holds the shares. When we divide company capital into small parts are…

Q: Can an individual enter into a joint venture with a corporation? how do you account for that?

A: Joint venture can be defined as the business entity that is created by two or more parties that is…

Q: Why do the basis and at-risk rules usually prevent the same amount of losses from passing through to…

A: An S Corporation is treated more like a partnership than a C Corporation. So, S Corporation is a…

Q: A corporation may not deduct dividends paid to shareholders but is permitted to deduct reasonable…

A: Compensation Compensation refers to payment for personal services which includes wages, salaries,…

Q: What is not-for-profit corporation?

A: Nonprofit organization: It basically comes under a non-profit motive organization like banking…

Q: Write T or F. Then briefly explain. In a corporation, minority shareholders are compliant to the…

A: solution concept Minority shareholders means the shareholders who have less than 50% stake They…

Q: How can we determine the corporate taxable income?

A: Taxable income: It can be defined as the income which serves as the base for computing the tax…

Q: What is the difference between investing in a company as a shareholder vs as an employee? Are there…

A: Investing in a company as a shareholder means that the person in making an investment in the shares…

Q: What is an important reason business owners choose the election for s corporation status.

A: S corporation is kind of like C Corporation, which provides opportunities for investment, perpetual…

Q: Sole proprietorships or corporations: who would you choose to do business with? Why

A: The Answer

Q: Which of the following taxable entities can a corporation elect to be classified as under the…

A: Taxable entities means those entities that are taxable under federal law. The taxable entities'…

Q: Which of the following requires periodic shareholder approval of executive compensation? Multiple…

A: Dodd-Frank Wall Street Reform and Consumer Protection Act proposed Regulations 14a-21(a) would…

Q: Are the stockholders of a corporation are considered as residual claimant of the business…

A: A shareholder, often called a stockholder, is a person, organization, or institution that owns at…

Q: What issue does agency theory examine? Why is it important in a public corporation rather than in a…

A: Agency theory states the fiduciary duty of management towards the shareholders. The duty is to…

Q: Discuss the various reasons why one corporation might invest in the stock of another corporation?

A: Investing in common stock: When the investment is made in common stock the investor gets some rights…

Q: Which of the following describes when a corporation pays income tax on its profits, and when the…

A: Double Taxation: It is a term used to portray the technique through which taxes are forced on…