Explain the process of forming a corporation.
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Explain the process of forming a corporation.
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- Explain what rights shareholders have in a Joint Stock company? Describe each right in detail.describe the advantages of an LLC versus operating as a sole proprietorship, general partnership, limited partnership, C Corporation, and S Corporation.1. Discuss the nature and classes of corporation. 2. What are the powers of corporation? 3. Explain the qualifications of Board of Directors. 4. How can you remove a Corporate Officer? 5. Enumerate the powers and fiduciary duties of the Board of Directors or Corporate Officers.
- Differentiate sole proprietorship, partnership and corporationWrite down the advantages and disadvantages of a Regular Corporation, an S Corporation, and a Limited-Liability CompanyExplain the difference between a sole proprietorship, LLC/PLLC, and corporation. Include advantages, disadvantages, and examples. 7
- describing the obligations of corporate directors to a business corporation. include a discussion of the different duties that active and inactive directors have with respect to business corporation operations.State the difference between a closed corporation and an open corporation.How many persons a corporation can consist of