A corporation has lower taxes and less paperwork relative to sole-proprietorships and partnerships.
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Q3: We usually record preferred stock as equity
Q5: Limited liability means that even in the
Q7: In the event a corporation is dissolved,common
Q7: Paid-in Capital is the amount stockholders have
Q8: Par value has a direct relationship to
Q9: Authorized stock is the number of shares
Q9: Owners in a sole proprietorship or a
Q15: An S Corporation allows a company to
Q15: Retained Earnings is the amount stockholders have
Q20: Par value is the legal capital per
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