Answered

Maligayang pagdating sa Imhr.ca, kung saan ang iyong mga tanong ay masasagot ng mga eksperto at may karanasang miyembro. Nagbibigay ang aming Q&A platform ng mabilis at mapagkakatiwalaang sagot sa iyong mga tanong mula sa mga bihasang propesyonal. Maranasan ang kaginhawaan ng paghahanap ng eksaktong sagot sa iyong mga tanong mula sa mga bihasang propesyonal sa aming platform.

What is corporation ?

Sagot :

What is Corporation?

A corporation is defined as the legal form of business that is separate from its owners. In other terms , it is defined as a business that is a separate legal entity from its shareholders.

The basic corporate structure consists of the following:

  • Shareholders (this includes the stakeholders, inventors and people who actually own the company.) They are stockholders and legally own the assets of the cbusiness.
  • Board of Directors (appoints and oversees the management of the corporation's day-to-day activities)
  • Officers

Characteristics of a Corporation

  • Separate legal entity from its shareholders (owners will never be held personally liable for what the company loses.)
  • Bound by Articles of Incorporation (includes the number of shares that will be authorized as well as the meeting and board of director information)
  • Owners are known as shareholders or stockholders
  • Limited Liability ( The shareholders can lose is their investment only in the business if the company goes bankrupt as owners are separate legal entity). This main advantage of being a corporation as the from of the business.
  • Not all corporation are profit-oriented.

For further details about The law that manages Corporations https://brainly.ph/question/1218190

To know related information about the Difference between incorporators and corporators https://brainly.ph/question/2617575

Are government corporation considered as business? https://brainly.ph/question/553852

#LetsStudy

Pinahahalagahan namin ang iyong pagbisita. Sana'y naging kapaki-pakinabang ang mga sagot na iyong natagpuan. Huwag mag-atubiling bumalik para sa karagdagang impormasyon. Pinahahalagahan namin ang iyong oras. Mangyaring bumalik muli para sa higit pang maaasahang mga sagot sa anumang mga tanong na mayroon ka. Imhr.ca ay nandito upang magbigay ng tamang sagot sa iyong mga katanungan. Bumalik muli para sa higit pang impormasyon.