DQW4-1 - charter that has to be approved the corporation...

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Why would a company choose to form as a corporation? What are the steps that are required to become a corporation? What are the advantages and disadvantages of the corporate form of doing business? A company would choose to form as a corporation because they get most of the rights and privileges as a person does. The only things a corporation would not be able to do is vote or to hold public office. The steps that are required to become a corporation are that you have to do it by law. Also you can form a corporation by grant of a state charter. Also upon receipt of the
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Unformatted text preview: charter that has to be approved the corporation has to set its by-laws and also get a license from each state in which they do business. The advantages of the corporate form of doing business are separate legal existence, limited liability of stockholders, transferable ownership rights, ability to acquire capital, continuous life, and corporation managementprofessional managers. The disadvantages of the corporate form of doing business are corporation managementseparation of ownership and management, government regulations, and additional taxes....
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