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The Advantages And Disadvantages Of Incorporating A Business
In order to mention all the advantages and disadvantages of
incorporating a business, first I should try to explain what a corporation is.
In 1819, Chief Justice Marshall of the United States Supreme court said: " A
corporation is an artificial being, invisible, intangible, and existing only in
contemplation of the law." In the Webster's College Dictionary corporation is
defined as "an association of individuals, created by law and having an
existence apart from that of its members as well as distinct and inherent powers
and liabilities." A corporation is divided into many units called shares of
stock. The owners of the stoc ....
Word count: 449 - Page count: 2
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