Uh oh! You're not
+ Create New Flashcard
by law to a corporation's officers and representatives. It protects them from
arising from their
acts carried out in
on behalf of
You Also Might Like...
What is an S Corporation?
Deciding which type of corporation is the best for your business can be a confusing and tedious task. Two types of corporations are recognized by the Internal Revenue Service for the purpose of federal income tax imposition: C corporations and S ...
Inc. vs. LLC
When setting up a new company two options are to incorporate and set up a corporation (Inc.) or to set up a limited liability company (LLC). Both provide the benefit of personal liability protection, where your personal assets are protected from ...
What Business Structure Should You Choose?
As you plan starting up your own business, one of the first decisions you need to make is the formal business structure you will assume. Which structure you choose depends on your industry, growth goals, and how many people you plan to involve in ...
What is a non-profit corporation?
Copy & paste this HTML in your website to link to this page
Browse Dictionary by Letter: