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 classic literature ?
The weekly charge in this establishment for each female patient is three dollars, or twelve shillings English; but no girl employed by any of the corporations is ever excluded for want of the means of payment.
Make a note of the address, 126b Corporation Street, and remember that one o'clock to-morrow is your appointment.
At seven o'clock that evening we were walking, the three of us, down Corporation Street to the company's offices.
You still believe in equality, and yet you do the work of the corporations, and the corporations, from day to day, are busily engaged in burying equality.
After the acquisition, at least 60% of such foreign corporation's stock (determined by vote or value) is held by the domestic corporation's former shareholders (or the domestic partnership's former partners) "by reason of" holding stock in the domestic corporation or an interest in the domestic partnership; and
As it has evolved over the last 150 years, the American corporation is more than just a mode of business.
Moreover, the company said the Alabama domestic shares tax--which foreign corporations do not pay--did not offset the discrimination resulting from the foreign corporation franchise tax.
The ability to transfer property to a corporation without the recognition of gain is the "baseline" for understanding the Ninth Circuit's analysis.
Table 1-1: Nucor Corporation - Major Mergers & Acquisitions (2002 to 2006)
In addition to being 100% owned by an S corporation, a QSub must be a domestic corporation that otherwise meets the basic S corporation requirements; i.
Often, the corporation and the shareholders were not aware of an invalid S election until well after the tax year had ended, by which time both the corporation and the shareholders had already filed returns reporting their income consistent with S status.
Section 1012 of the 1997 Act amends section 355 to place new restrictions on the acquisition and disposition of the stock of the distributing or controlled corporation.

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