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    The document discusses different types of corporations including limited liability companies (LLCs), general partnerships, close corporations, and S corporations. It notes that corporations provide advantages like limited liability for shareholders, easier capital raising through stock and bond sales, and transferable ownership. However, disadvantages include more costs and paperwork to incorporate, monitoring by government agencies, and potential double taxation of corporate profits at both the corporate and individual levels.

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    corporation poster

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    The document discusses different types of corporations including limited liability companies (LLCs), general partnerships, close corporations, and S corporations. It notes that corporations provide advantages like limited liability for shareholders, easier capital raising through stock and bond sales, and transferable ownership. However, disadvantages include more costs and paperwork to incorporate, monitoring by government agencies, and potential double taxation of corporate profits at both the corporate and individual levels.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    84 views1 page

    Corporation Poster

    Uploaded by

    api-420631518
    The document discusses different types of corporations including limited liability companies (LLCs), general partnerships, close corporations, and S corporations. It notes that corporations provide advantages like limited liability for shareholders, easier capital raising through stock and bond sales, and transferable ownership. However, disadvantages include more costs and paperwork to incorporate, monitoring by government agencies, and potential double taxation of corporate profits at both the corporate and individual levels.

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    © All Rights Reserved
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    of 1

    CORPORATION

    Company owned by SHAREHOLDERS


    Company Taxes

    LIMITED LIABILITY

    TYPES
    COMPANY (LLC)

    GENERAL Owner
    CLOSE 
    Limit to 30 - 50 Stockholders
    S Separate Legal Capital
     Avoid “Double Taxation”

    High Investment

    ADVANTAGES
    Limited Liability : Shareholders only risk their Public    vs    Private
    equity in the corporation shareholder cannot the shares of the
    Easier to raise capital :  sale of stocks and bonds sell their shares in an corporation can be
    Transfer ownership by buying or selling its shares open marketplace to bought and sold to
    Tax Liability Separation the general public the general public
    Corporations have unlimited life 

    DISADVANTAGES
    Incorporation (Forming Corporation) :  requires
    more time and money
    Governmental agencies monitor corporations :
    added paperwork 
    Double taxation : Corporate taxes must be paid on
    profit at the corporate-level & individual-level
    Corporate profits may be subject to higher overall
    taxes

    Bhutas
    Waris
    Chayanan
    Preawphailin
    1004

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