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What is a Corporation?
1. A Corporation ("Corporation ") is a separate State Created legal entity created by filing a certificate and executing Corporation bylaws.
2. An Corporation is owned by its members holding shares, or stock certificates. Owners of an Corporation are shareholders of a corporation.
3. What are the Advantages of an Corporation?
It avoids personal liability for corporate actions and saves on taxes.
Limited Liability:
The shareholder's liability is generally limited to the amount of shares invested in the Corporation .
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