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The Forms of Businesses in the USA
Businesses in the USA may the BE Organized as with one's of the the following the forms:
• Individual business
• general of partnership The
• Limited partnership The
corporation
• corporation the alien
States Foreign corporetion
of An Individual business is owned Quote by one's person.
A general of partnership The has's got Several owners. All are liable to for They for Debts and for They this content share in the profits.
A partnership The Limited's got has AT Least one's owner and general of one's or more OTHER owners. Have only a for They Limited investment and a Limited liability.
A corporation is owned Quote by persons, Called stockholders. The stockholders usually have certificates showing the number of shares which they own. The stockholders elect a director or directors to operate the corporation. Most corporations are closed corporations, with only a few stockholders. Other corporations are owned by many stockholders who buy and sell their shares at will. For They have little Usually the Interest in the management of Corporations.
Of Alien Corporations Corporations are of States Foreign Countries.
The All the Corporations are to the receive Their charters from the state Authorities. The charters state all the powers of the corporation. Many corporations try to receive their charters from the authorities of the State of Delaware, though they operate in other states. They prefer the State of Delaware because the laws are liberal there and the taxation is rather low. Corporations Such, the which the receive Their charters from an outside state are Called States Foreign Corporations.
The All the Corporations the require a certificate to do business in the state where clause to the operate the prefer for They
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