A closed corporation is a corporation that does not allow public ownership of its shares. This type of corporation is also called a privately held corporation. The shares of a closed corporation are not traded on public stock exchanges, and only a limited number of people are allowed to own shares. Closed corporations are typically … Read more
A mutual company is a corporation that is owned by its policyholders. The policyholders elect a board of directors, and the board hires management to run the company. The board is responsible for ensuring that the company is run in the best interests of the policyholders. Mutual companies are different from stock companies in a … Read more
A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This type of arrangement is often used when two companies wish to undertake a project together but do not wish to form a formal partnership. In most cases, … Read more
A controlled foreign corporation (CFC) is a foreign corporation that is controlled by a U.S. shareholder or shareholders. A CFC is subject to special tax rules under the Internal Revenue Code. A CFC is a foreign corporation that is controlled by a U.S. shareholder or shareholders. A CFC is subject to special tax rules under … Read more
A franchise is a type of business model in which businesses, generally known as franchisees, are given the right to operate under the name of a larger parent company, known as the franchisor. Franchises typically offer standardized products or services, and have a proven business model that is replicated by franchisees. Franchises are typically granted … Read more
What is a conglomerate? A conglomerate is a large, diversified company made up of smaller companies. It typically has a large market share and a strong market presence. Conglomerates are often created through mergers and acquisitions. What are two examples of conglomerates? 1. A conglomerate is a company that owns and operates a number of … Read more
(Limited) Companies. A limited company is a type of corporation that offers limited liability to its shareholders. This means that the shareholders’ personal assets are protected in the event that the company is sued or goes bankrupt. Limited companies are also required to have a minimum number of shareholders, which is typically two. There are … Read more
. What You Need to Know About Articles of Partnership What are the 4 types of corporation? 1. C Corporation 2. S Corporation 3. B Corporation 4. Nonprofit Corporation What articles should be included in a partnership agreement? A partnership agreement should include the following articles: 1. The name of the partnership and the date … Read more
An associate company is a company that is associated with another company. The term can refer to a subsidiary company, a holding company, or a company that is under common ownership or control with another company. Associate companies are typically created for the purpose of pursuing business ventures together or for the purpose of pooling … Read more
. Choose Wisely: The Risks of Establishing General Partnerships Which of the following is an advantage of a corporation over a partnership quizlet? There are several advantages of a corporation over a partnership, including: 1. Limited liability: shareholders are only liable for the amount they invested in the company, and not for any debts or … Read more
