Professionals from several different fields, such as doctors, lawyers, and accountants, can consolidate their businesses to form one professional corporation.
Correct Answer:
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Q10: To be considered tax-exempt for federal income
Q11: It is generally considered illegal to place
Q12: Shareholders usually elect the corporation's
A) directors.
B) managers.
C)
Q13: A business corporation is not an
A) entity
Q14: The corporation's state of domicile is the
Q15: Corporations have the right to own property,
Q16: Much of modern corporate law has been
Q17: The term sister corporation is sometimes used
Q19: The primary source of business corporation law
Q20: Because the corporation is a separate entity,
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