Scribd Logo
Upload

Welcome to Scribd!

  • Characteristics of Corporations

    Uploaded by

    Nathaniel Castillo
    8 views1 page
    Corporations have advantages like separate legal status, limited liability for shareholders, transferable ownership through stock sales, indefinite lifespan, and easier capital accumulation through stock issuance. However, corporations also face disadvantages such as heavy government regulation from agencies like the SEC and taxation of corporate income at graduated tax rates up to 35% based on income level.

    Original Description:

    Original Title

    Characteristics of Corporations.docx

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Corporations have advantages like separate legal status, limited liability for shareholders, transferable ownership through stock sales, indefinite lifespan, and easier capital accumulation through stock issuance. However, corporations also face disadvantages such as heavy government regulation from agencies like the SEC and taxation of corporate income at graduated tax rates up to 35% based on income level.

    Copyright:

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

    Characteristics of Corporations

    Uploaded by

    Nathaniel Castillo
    Corporations have advantages like separate legal status, limited liability for shareholders, transferable ownership through stock sales, indefinite lifespan, and easier capital accumulation through stock issuance. However, corporations also face disadvantages such as heavy government regulation from agencies like the SEC and taxation of corporate income at graduated tax rates up to 35% based on income level.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Characteristics of Corporations

     
    Advantages
     Separate legal entity
     Limited liability
     Transferable ownership rights
    o You can sell your share anytime you want
     Continuous life
     No mutual agency for stockholders
    o You are not allowed to contractualize
    o You are not representing other shareholders
     Easier capital accumulation
    o You issue stock to individual shareholders
    o Authorized capitalization that was approved by SEC
     Pwede ka mag benta ng 1 million shares, pag nabenta na lahat di ka ulit mag
    issue
     
    Disadvantages
     Governmental regulation
    o Madaming nagbabantay
    o Regulated by SEC
     Corporate taxation
    o Subjected to graduated tax (Depending on your income) (Max 35%) (Higher Income =
    Higher percentage of tax)

    You might also like