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Write a note on the salient features of a corporation explaining the benefits and limitations to...

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Finance

Write a note on the salient features of a corporation explainingthe benefits and limitations to the firm and to the investors withthis form of business organization.

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A corporation is a legal entity on its own and it has most of the rights that an individual usually have It can hire people sue companies and individuals purchase assets and apply for loans This type of company is separate from its owners and created by a group of people to achieve a common goal If one wants to start an organization as corporation he need to understand the corporate structure Double taxation shares holders rights and responsibilities management requirement etc Benefits to the firm A corporation is a separate operating and legal entity It operates separately from its owners    See Answer
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