Prepare a proposal to the CEO in which you discuss what the advantages and disadvantages to the corporate form of doing business.© BrainMass Inc. brainmass.com June 3, 2020, 9:35 pm ad1c9bdddf
A corporation is a legal entity that is separate from its owners, the shareholders. No shareholder of a corporation is personally liable for the debts, obligations or acts of the corporation. Directors, officers and insiders can bear some liability for their involvement with the corporation. A corporation can be formed at either the federal or provincial level.
A corporation is identified by the terms "Limited", "Ltd.", "Incorporated", "Inc.", "Corporation", or ...
This explains the advantages and disadvantages to the corporate form.