corporation

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corporation

a business entity such as a company incorporated under legislation, usually a Companies Act, which can make the shareholders legally responsible only for the profits and debts of the company. That is the shareholders are not personally responsible. It has been held for generations that members of professions could not practice as corporations because they would lose their personal responsibility to their clients. It is becoming more common for this rule to be discarded.
References in periodicals archive ?
Columbus McKinnon Corp, Amherst, NY Cramontec Inc, Cleveland OH Crane & Hoist Division Muskegon, MI Downs Crane & Hoist Co Inc Los Angeles, CA G W Becket Inc, Sharon, PA Harrington Hoists Inc, Manheim, PA Material Handling Inc, Green Springs, OH Pyrotek Inc, Spokane WA Quiptec Inc, Barrie ON Shepard Niles Inc, Montour Falls, NY Whiting Corp, Monee, IL Whiting Equipment Canada Inc, Wetland, ON
Two eligibility restrictions that were not changed in the 2004 Tax Act can limit S corp owners in raising capital and estate planning.
Corp 1, neither A nor B is related under the second test.
Dustex Corp, 100 Chastain Ctr Blvd, Suite 195, Kennesaw, GA, 30144 tel: 770-429-5575 fax: 776-426-5556#
Illinois Housing Development Authority (IL), $7,230,000 (Heritage Woods of Batavia SLF II) housing bonds series 2006I (insured: Ambac Assurance Corp.
Buckingham (PA), $3,600,000 general obligation bonds, series 2006B (insured: MBIA Insurance Corp.
Hamilton County (OH), $385,685,000 sub lien sales tax refunding bonds, series 2006A (insured: MBIA Insurance Corp.
Wilson, the Chairman and Chief Executive Officer of JK Acquisition Corp.
Conveyor Dynamics Corp, 7000 W Geneva Drive, St Peters, Me, 63376 tel: 636/279-1111 tax: 636/279-1121
Canterberry Crossing Metropolitan District (CO), $11,780,000 GO refunding bonds series 2006 (insured: MBIA Insurance Corp.
Dustex Corp Systems Division, PO Box 7368, Charlotte, NC, 28241 tel: 704/588-2030
Badger Mining Corp, 409 S Church St, 328, Berlin, WI, 54923 tel: 920/361-2388 fax: 920/361-2826