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Other popular close corporation names include H-E-B, Deloitte, PricewaterhouseCoopers (PwC) and Publix Super Markets.
Close corporations are generally smaller businesses who desire the limited liability and tax benefits of a corporation but whose stockholders wish to maintain streamlined managerial control of the business.
Forming an LLC or a corporation will allow you to take advantage of limited personal liability for business obligations. LLCs are favored by small, owner-managed businesses that want flexibility without a lot of corporate formality. Corporations are a good choice for a business that plans to seek outside investment.
The Maryland State Comptrollers office provides additional resources concerning sales tax remittance. Maryland law allows LLCs to be taxed as corporations if members choose. In this scenario, the Maryland LLC files corporate tax returns and then covers the income tax bill for the companys business profits.
A Limited Liability Company (LLC) is an entity created by state statute. Depending on elections made by the LLC and the number of members, the IRS will treat an LLC either as a corporation, partnership, or as part of the owners tax return (a disregarded entity).
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A corporation is a business entity having legal authority to act as a single person, distinct from the stockholders (in Maryland shareholders are referred to as stockholders) who own it, and having rights to issue stock and exist indefinitely.
A corporation is a business entity having legal authority to act as a single person, distinct from the stockholders (in Maryland shareholders are referred to as stockholders) who own it, and having rights to issue stock and exist indefinitely.
There are four general types of corporations in the United States: a sole proprietorship, a Limited Liability Company (LLC), an S-Corporation (S-Corp), and a C-Corporation (C-Corp).
A corporation is a business entity having legal authority to act as a single person, distinct from the stockholders (in Maryland shareholders are referred to as stockholders) who own it, and having rights to issue stock and exist indefinitely.
Today, the standard answer is that a corporations purpose is to benefit its shareholders academics speak of the shareholder primacy norm, and many talk of corporate managers task as shareholder wealth maximization. Even apparently selfless corporate acts, such as charitable donations, are justified as

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