Examples of C Corporations in the following topics:
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- Four main types of corporations are designated as C, S, limited liability companies, and nonprofit organizations.
- C corporation refers to any corporation that, under United States federal income tax law, is taxed separately from its owners .
- A C corporation is distinguished from an S corporation, which generally is not taxed separately.
- A C corporation has no limit on the number of shareholders, foreign or domestic.
- Like a C corporation, an S corporation is generally a corporation under the law of the state in which the entity is organized.
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- S status combines the legal environment of C corporations with partnership-like federal income taxation.
- Like a C corporation, an S corporation is generally subject to the laws of the state in which it is organized.
- Unlike a C corporation, an S corporation is not eligible for a dividends received deduction, nor is it subject to the ten percent of taxable income limitation applicable to charitable contribution deductions.
- In order to be eligible for S corporation status, a corporation must meet certain requirements:
- However, certain trusts, estates, and tax-exempt corporations, notably 501(c)(3) corporations, are permitted to be shareholders.
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- For tax purposes, an LLC can be registered as a partnership or sole proprietorship (and a corporation even though it is not a corporation for other purposes).
- For tax purposes, an LLC can be registered as a partnership or sole proprietorship (and even a corporation even though it is not a corporation for other purposes).
- An LLC, although a business entity, is a type of unincorporated association and is not a corporation (calling it a limited liability corporation is incorrect).
- choice of tax regime: an LLC can choose to be taxed as a sole proprietor, partnership, S or C corporation;
- pass-through taxation (i.e., no double taxation), unless the LLC elects to be taxed as a C corporation;
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- Corporations must also submit identification and governing documents such as Articles of Incorporation and By-Laws.
- Corporate entities are generally required to be kept in active status through annual updates to a regulatory authority.
- Corporate entities may vary in numbers of owners from a single shareholder to an unlimited number.
- For example, US corporations with publicly traded shares are regulated by the US Securities and Exchange Commission.
- The corporation may employ workers and engage independent contractors as needed to increase skills available.Corporations are required, however, to acknowledge formally (in a written document) the individuals who are approved to engage in financial transactions on behalf of the entity.
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- It gets its revenues from pledges of cash and gifts-in kind from corporate and individual donors, according to its annual report in 2011.
- Some NPOs may also be a charity or service organization; they may be organized as a not-for-profit corporation or as a trust, a cooperative, or they exist informally.
- Most countries have laws which regulate the establishment and management of NPOs and require compliance with corporate governance regimes.
- In many aspects, they are similar to corporate business entities though there are often significant differences.
- Both not-for-profit and for-profit corporate entities must have board members, steering committee members, or trustees who owe the organization a fiduciary duty of loyalty and trust.
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- Carroll, Archie. " A Three Dimensional Conceptual Model of Corporate Social Performance. " Academy of
- "Corporate Social Responsibility: Will Industry Respond to Cut-Backs in Social Program Funding?
- Perry, Anne C.
- Prahalad, C.K. and Stuart L.
- "Corporate Scandal Shakes India. " Wall Street Journal, A-1, 2009.
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- The primary purpose of a business is to maximize profits for its owners or stakeholders while maintaining corporate social responsibility.
- However, social responsibility may also have a critical role in business operations, so American revenue growth continuous existence should not be solely considered in corporate success.
- This concept is called corporate social responsibility (CSR).
- This also validates the growing importance of innovation as a core principle for corporation survival and success.
- The profit-maximizing output level is represented as the one at which total revenue is the height of C and total cost is the height of B; the maximal profit is measured as CB.
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- Corporate structure consists of various departments that contribute to the company's overall mission and goals.
- Another way a corporate structure can be defined is by business divisions.
- Hewlett Packard (HP) is a good example of a corporate structure including multiple divisions.
- Google Video is a division of Google, and is part of the same corporate entity.
- Hewlett Packard is an example of a corporation with multiple divisions and subsidiaries.
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- The credit rating of a corporation is a financial indicator to potential investors of debt securities, such as bonds.
- The corporate credit rating is usually of a financial instrument such as a bond, rather than the whole corporation.
- Ratings have letter designations such as A, B, C.
- The risks associated with investment-grade bonds (or investment-grade corporate debt) are considered significantly higher than those associated with first-class government bonds.
- FICO, the most widely known type of credit score, is a credit score developed by FICO, previously known as Fair Isaac Corporation.
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- An organization is deemed eligible for nonprofit status under US Internal Revenue Code Section 501(c).
- Some NPOs may also be charitable or service organizations; they may be organized as a corporation, a trust, a cooperative, or they may exist informally.
- The act of incorporating creates a legal entity, which enables the organization to be treated as a corporation by law and to enter into business dealings, form contracts, and own property as any other individual or for-profit corporation may do.
- Most countries have laws that regulate the establishment and management of NPOs, and that require compliance with corporate governance regimes.