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