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Test Corporations
Agenda
QUESTION 1: WHAT SIZE SHOULD A CORPORATION BE?
Must be small with few workers
Must cover at least one state
Any size
Must have more than 100 employees
QUESTION 2: IN WHICH CASES CAN THE OWNERS OF A CORPORATION HAVE PERSONAL LIABILITY FOR THEIR COMPANY?
In case of claims or debts
They always have personal responsibility
They can never have personnel responsibility
In the event that they use the corporation as a sole proprietorship
QUESTION 3: CAN THE OWNERS OF A CORPORATION HAVE JOINT ACCOUNTS WITH THE CORPORATION?
No
Yes
Sometimes
With exceptions
QUESTION 4: WHAT IS THE MAIN ADVANTAGE OF A CORPORATION?
Simplicity and ease of shaping
That their owners are free from personal liability
That no taxes are paid
That it cannot be sued
QUESTION 5: WITH WHOM IS IT ESSENTIAL TO CONSULT WHEN YOU WANT TO FORM A CORPORATION?
With an auditor
With an inverter
With a marketing specialist
With a lawyer
QUESTION 6: DO ALL COUNTRIES AND LOCALITIES HAVE THE SAME LAWS REGARDING CORPORATIONS?
No
Yes
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