A corporation acts under its own name 1. A corporation is not an entity which is separate and distinct from its owners. 2. A corporation can be organized for the purpose of making a profit or it may be not-for-profit. 3. A corporation acts under its own name rather than in the name of its stockholders. 4. If a corporation pays taxes on its income, then stockholders will not have to pay taxes on the dividends received from that corporation. 5. A corporation must be incorporated in each state in which it does business. Business Assignment Help, Business Homework help, Business Study Help, Business Course Help
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