The Advantages And Disadvantages Of Incorporating A Business
Beginning of paper
In order to mention all the advantages and disadvantages of
incorporating a business, first I should try to explain what a corporation is.
In 1819, Chief Justice Marshall of the United States Supreme court said: " A
corporation is an artificial being, invisible, intangible, and existing only in
co ....
Middle of paper
.... This means that the corporation is responsible for its own acts and
obligations under the law. This characteristic protects the stockholders of the
corporation because the only financial loss that they may suffer is limited to
the amount invested. Also, the creditors of the corporation can not go beyond
the assets of the corporation to satisfy their claims.
The stockholders or the shareholders are the ones who have control over
the management of a corporation's operation and ....
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Word count: 449
Page count: 2 (approximately 250 words per page)
