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Apriljoypaculba25go
Answered

1. What is corporation? 2. What are the common types of corporations?​

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Uzumakinaruto2929go

Answer:

1. What is corporation?

A company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.

Explanation:

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JennilynObialgo

Answer:

1. What Is a Corporation?A corporation is a legal entity that is separate and distinct from its owners.1 Corporations enjoy most of the rights and responsibilities that individuals possess: they can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes. Some refer to it as a "legal person."

2. The most common type of corporation is an S corporation. A limited liability company (LLC) can elect to be taxed as a corporation.

Explanation:

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