Ashley Del Toro

Period 5&7
1.  A corporation is an organization authorized by the state to act as a single entity.
Shareholders are the owners.
2. Advantages of a corporation include personal liability protection, business security and
continuity, and easier access to capital. Disadvantages of a corporation include it
being time-consuming and subject to double taxation, as well as having rigid formalities
and protocols to follow
3. They are needed to raise capital, enter contracts, and ensure an overall smooth and
efficient founding of a corporation.
4. The company’s name, type of corporate structure, and number and type of authorized
shares.
5. Common stocks and preferred stocks
6. Preferred stocks usually do not give shareholders voting rights, while common stocks
does, usually at one vote per share owned.
7. Public and private
8. An S corporation is a type of legal business entity. Requirements give a corporation with
100 shareholders or less the benefit of incorporation while being taxed as a partnership.
A limited liability partnership is a business structure that provides some liability
protection for its owners, along with some potential tax breaks and other advantages.
It's a structure most commonly used by professionals such as doctors, attorneys, and
accountants who go into practice together. Limited liability companies are corporate
structures in the United States where owners are not personally liable for the
company's debts or liabilities.
9. Limited, incorporated, corporation, company, the letters Inc., or Corp
10. A share of a company’s profits distributed to shareholders and usually paid quarterly
like a bonus to investors
11. A market in which securities are bought and sold. Some are NYSE, NASDAQ, SSE, etc.