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4 Types of Corporations

What are the four types of corporations? What makes each corporation different? What are advantages and disadvantages to the most common form of corporation?

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The four types of corporations include "C" Corporations, "S" Corporations, Professional Corporations, and Non-Profit Corporations. The "C" Corporation, also known as a traditional corporation, is essentially a business structure that is legally separated from its owners. This corporation is created as a distinct legal entity that the shareholders, or owners, cannot be held personally liable for. The "S" corporation is similar to the "C" Corporation in that it still ...

Solution Summary

242 words explaining the differences and advantages between the 4 main types of corporations, with 3 sources given.

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