Podcast
Questions and Answers
What is a key characteristic of a corporation according to the text?
What is a key characteristic of a corporation according to the text?
In a corporation, shareholders have the right to:
In a corporation, shareholders have the right to:
What entity is considered an individual according to the law?
What entity is considered an individual according to the law?
Which legal business structure mentioned in the text allows one person to form a corporation?
Which legal business structure mentioned in the text allows one person to form a corporation?
Signup and view all the answers
How many individuals are required to form a traditional corporation as per the text?
How many individuals are required to form a traditional corporation as per the text?
Signup and view all the answers
What percentage of taxable income are partnerships (excluding general professional partnerships) subject to, based on R.A. NO. 9337?
What percentage of taxable income are partnerships (excluding general professional partnerships) subject to, based on R.A. NO. 9337?
Signup and view all the answers
What aspect separates the legal structure of a corporation from its owners?
What aspect separates the legal structure of a corporation from its owners?
Signup and view all the answers
What entity has its rights and liabilities separate from the owners?
What entity has its rights and liabilities separate from the owners?
Signup and view all the answers