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What is a corporation & how does it work?

A corporation is a type of business entity that offers limited liability for owners, the shareholders. Corporations have well-established legal precedents and a uniform management structure, and corporate shares are easy to transfer from one shareholder to another.

Is a corporation a legal entity?

A corporation is a legal business entity that is separate and distinct from its owners and has many of the same rights and responsibilities as an individual.

How does a corporation become a business entity?

By doing so, you will establish your corporation as its own business entity. Articles of incorporation typically include the: The registered agent is the contact person listed for your corporation. They will receive service of process notices, government correspondence, and compliance-related documents on behalf of your corporation.

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