What is an S Corporation?
There are several different types of corporations from which business owners can choose when they initially set up their business. One type of corporation is an S corporation. The …
more
What is a C Corporation?
A C corporation is the most common type of corporation. The “C” refers to the subchapter of the Internal Revenue Code which explains the rules of taxation for this type of business …
more
What steps are required to form a corporation?
A corporation is a legal entity with a corporate charter from a state. To form a corporation, the following simple steps are required: 1. Select a name for your business. State laws …
more
What is a shareholder derivative action?
Shareholders have a limited right to participate in the governance of a corporation. Even if a shareholder believes that corporate management has abused its power or received illegal profits, the …
more