Discussion Board for the ACCT202 Corporation

Discussion Board for the ACCT202 Corporation

Table of Contents

Order ID	53003233773
Type	Essay
Writer Level	Masters
Style	APA
Sources/References	4
Perfect Number of Pages to Order	5-10 Pages

Description/Paper Instructions

 

Discussion Board for the ACCT202 Corporation

Peer responses are due Tuesday (06/06/2021, 11:59:59pm Central), while primary responses are due Sunday (06/06/2021, 11:59:59pm Central) (11:59:59pm Central).

Write 200–250 words in the Discussion Board area to react to the following questions with your opinions, ideas, and observations. Your classmates will use this as a starting point for future discussions. Make your points clear and concise, and offer examples to back up your points.

Please fill the following for this Discussion Board:

Please fill the following for this Discussion Board:

Corporations are a type of company structure (along with sole proprietorships and partnerships). Corporations, on the other hand, are often significantly larger; they account for the majority of revenue in the US economy and have very different features than other sorts of businesses.

A corporation’s characteristics are as follows:

It’s a separate legal entity. A corporation applies for and receives a state charter, which grants it the legal authority to incorporate in that state.
Debts are not individually responsible to stockholders.
It is subject to two levels of taxation (corporations pay income tax, stockholders pay income tax on dividends).
It is simple to transfer ownership.
It is subject to more stringent regulations than other types of ownership.
It has a higher initial investment.
Consider the following:

Why does a business decide to form a corporation?
List one corporate attribute and evaluate if it is advantageous to the company and why or why not.

 

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