What Rights Does a Corporation Have?

According to 2290tax, a corporation is a company type that represents a person or group of people who establish a legal entity by filing articles of incorporation with the state’s secretary of state. There are many advantages to creating a corporate entity. Shareholders purchase common stock to fund the organization and distribute the financial risk. They are entitled to a portion of the profits but are shielded from liabilities. Corporate businesses also have an inherent organizational hierarchy Read more [...]