what is a corporation and how does it work?
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A corporation is a legal entity (distinct from a natural person) that often has similar rights in law to those of a natural person. Civil law systems may refer to corporations as "moral persons"; they may also go by the name "AS" (anonymous society) or something similar, depending on language (see below).\n\nIn colloquial usage, "corporation" usually refers to a commercial entity set up in accordance with a governmental framework. Churches (mainly in US, but not so much in other countries, where Churches have a different status), interest groups (both can form as not-for-profit corporations or can exist as voluntary associations), cities and townships (often chartered as public corporations), among others, may also have historically lengthy corporate identities.
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Typically, corporations have 260 days per year.  52 weeks and 5 days per week.  If you don't count the holidays, it depends on the company but might be 5-10 days fewer.
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You define it.   One is big enough.   Define your corporation, it's board, it's membership requirements, the products, mission, services.   It's a free country.  \n\nYou do not need any legal thing.  Down the road, you and your board of directors will define your organization clearer, and decide what corporate structure that you need.    A simply DBA might do the trick for many years.   But if you want to attain a non-profit status, you might have to incorporate further.   \n\nJust get started and DO something.
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Depends a lot on what your corporation does and what you do, but ...\n\n1.  Work more efficiently or more productively - meaning do more work and/or better work in an hour or a day than the next person.\n\n2.  Learn more about the business or specific parts of the business in order to move up in the corporate structure.
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corporations are people too.
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A corporate bond is a debt obligation that is issued by a corporation.\n\nA bond (or debt obligation) is basically a loan with a stated interest rate (whether fixed or floating) and fixed due dates when interest and principal must be paid.\n\nBondholders do not have ownership rights (like common stockholders) but they do have a commitment of repayment from the corporate issuer.
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A cooperative is governed by the charter of the jurisdiction in which it was instituted in the first place, and this charter may be amended or changed over time.  A cooperative exists for the benefit of all the members, and the members ultimately are the ones who control and manage the coop for the good of all.
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Corporations are set up for several reasons.  A couple of these are to protect the assets of the owners, and to provide an easy way to raise capital for the company.  In a sole proprietorship or partnership, the owner(s) are PERSONALLY liable for any losses incurred by the company, whereas with a corporation the owner's (stockholder's) assets are kept seperate, and cannot be accessed except in rare cases where the, "corporate veil may be pierced."  Corporations provide an easy way to raise capital, because all they have to do is issue and sell more stock in the company to gain more capital.  There are other laws about this, but those are the basics.  \n\nOne disadvantage is that income from a corporation is, "taxed doubly."  When you hear this referred to, people mean that any profits the corporation makes in a given year are taxed, and then the owners are paid through dividends, which are taxed again, even though the money was already taxed as corporate profit.
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Formally you can start a corporation by filing a certificate of incorporation with the state agency responsible for receiving the incorporation papers. (i.e. Secretary of State) You will need to describe the purpose of the company, the type of activities it will be involved with and pay the required state fees.  There are forms that may assist you in most office supply stores or stationary stores.  A corp. will have stock and stockholders.  It will, as most companies do, have offficers Pres., Secretary and Treasurer.  What is most important is having a business plan that you prepare; that will describe your mission statement, business description, products and services, market analysis, management, financial plan etc.
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Corporate objectives are the specific things the corporation says it will do. These usually are either the same objectives that are listed on the mission statement, or are more specific objectives of general ones mentioned in the mission statement.
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Do you really want legal answers from someone who had to read your definition of a corporation and defendants?  You're just asking for bad advice.
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It depends on the corporation.  The CEO is typically above the President of an organization, usually works with the Board of Directors.  A secretary is typically very far down an organizationla list, and aides the white and blue collar workers in their tasks.  (some firms use the term Secretary instead of Vice President, but this is rare).  For a corporation, the owner is not a single person, but several people.  When you hear about a person having stock in a company, that person essentially 'owns' a piece of the company.  So the owners are a primary source of financing for the corporation because they supply the money (through stocks), but owners have actually very little to do with the day-to-day operations of the firm.
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It refers to a Professional Corporation. See the link below for more info
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Assuming you are meaning a holding company in being  a company that owns enough voting stock in another company to control management and operations by influencing or electing its board of directors, then here is my answer.\n\nA Holding company, by controlling the managment decisions frees up company resources to focus on the actual product or service they generate. The Holding Company taking on this role of responsibility also frees up some decision making processes that the true owner would be repsonsible for.\n\nThis results in a reduction of risk for the original owners. And the holding company can take on several management roles of many companies using the same cookie cutter methods that work, versus each individual company trying to see what works and wasting the time/money/resources in figureing it all out.
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It is a corporation which does not issue stock for public sale, often is owned by one or two people, or a family.
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Wow people ask this question alot.\n\nA limited liability company issues membership interests and has members where a corporation issues stock and has stockholders. \n\nAn LLC is either run by its members or managers but may, if its LLC agreement specifies, have officers. A corporation always has a board of directors and officers.\n\nA corporation's structure is dictated by its articles and by, usually a well established body of law in the state of its formation's statutes and case law. An LLC is usually governed mostly by its operating agreement because the LLC statutes give LLCs great flexibility in management and economic flexibility.\n\nAn LLC is taxed as a partnership if it has 2 or more members and is disregarded as an entity if it only has 1 member, whereas, unless you make an S-corp. election, a corporation pays tax separately from its owners (hence the double tax issue).\n\nLLCs are generally chosen for either their tax advantages over corporations and their greater flexibility in economic and managerial structures.
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true and false yu hace to make sure which corporation you list under like s corp, find an accountant which will help u , shop around it should cost under 200.00 to set u up, chex ur state web site i live in fl and www.myflorida.com has all my states answers on it under bussiness im sure yours does too, also my champer of commers wed site was useful in tax laws and inspections ect...  agian look around for an accountant who doesnt over charge ask abound and call  good luck