What Is A Certificate Of Incorporation Quizlet? (Solution found)

What is a certificate of incorporation? A license to form a corporation issued by the state government.

Is Certificate of incorporation a public document?

  • Certificates of incorporation are filed with the state where a corporation maintains its residency. These documents are part of the public record because they serve to inform the public of the authorized existence of corporations registered with the state and who members the public can contact if they need to sue the business.

What exactly is a corporation quizlet?

Corporation. an entity with the legal authority to act as a single person, distinct from its owners, is treated by law as an individual person. Share. a single unit of ownership of a corporation. Shareholder.

What percentage of the nation’s income is generated by corporations?

Corporations Make Up 5 Percent of Businesses but Earn 62 Percent of Revenues. While there are significantly more pass-through entities than C corporations, corporations still earn the largest portion of total gross receipts.

What is the term for joining of two or more firms involved in different stages of producing the same good or services?

Vertical mergers combine two or more firms involved in different stages of producing the same good or service. A conglomerate is a business combination merging more than three businesses that make unrelated products.

What is a certification quizlet?

certificate. a document that serves as proof of an academic or training accomplishment, demonstrating that a person has the professional qualifications necessary to perform a job.

What defines a corporation?

What Is a Corporation? A corporation is a legal entity that is separate and distinct from its owners. 1 Under law, corporations possess many of the same rights and responsibilities as individuals. They can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes.

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What does it mean for a corporation to be closely held quizlet?

A “close corporation” refers to a corporation with only a few shareholders and a more relaxed style of governance. Often, shareholders serve as both directors and officers of the corporation. The stock of a closely held corporation is not publicly traded.

Which of the following is one disadvantage of an incorporation?

One of the most prominent disadvantages of incorporation is that company profits are often double taxed. Corporations are taxed first on their net taxable income. Then business owners are also taxed on any salary or dividends they receive.

Do corporations have a legal identity?

Registered corporations have legal personality recognized by local authorities and their shares are owned by shareholders whose liability is generally limited to their investment.

What is a document certifying ownership of part of a corporation?

A document certifying ownership of part of a corporation is a. stock certificate.

What is the major difference between a corporation and other kinds of businesses?

What is the major difference between a corporation and other kinds of businesses? A corporation is a separate entity apart from that of the owners. A corporation is not responsible for its debts if it fails. A corporation is much larger than other kinds of businesses.

What is the difference between licensing and certification quizlet?

What is the difference between licensure and certification? Certification- Granting of credentials. Implies only specialized skill or knowledge set associated with specific professional status. Licensure- Implies a legal status.

What is the difference between certification registration and licensure?

Differentiate between certification, registration, and licensure. Certificate: fulfilled requirements of education and performance, meets standards of qualifications. Registration: qualified personnel. Licensure: government authorizes individuals to work in given occupations.

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What is the difference between registration and certification?

There is no qualitative difference between the two credentials simply because one uses the “Registered” and the other uses the “Certified” title. National medical assisting credentialing organizations use their own designation acronym for certification or registration.

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