Jorge Let's review the first business' paperwork: Marquise Lewis While they're doing business in Maine, Caribou Ceramics would be a: Select all that apply, then click Submit below not-for-profit corporation. ☐ domestic corporation. foreign corporation. publicly held corporation. close corporation. ☐ for-profit corporation. Submit
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- What are 3 publicly traded corporations. For each corporation you need to provide URL link for accessing its annual report from the corporation’s website. DO NOT provide links to sites on the Internet that can provide summary financial info of the corporation you have chosen, such sites as Yahoo, MSN, Google, etc. Instead, find within the actual website of the corporation, where you can access the annual report. Typically, it is best to search the corporation’s site for “Investor Relations” or “About Us” for finding the specific section of their website where you can access the annual report. Then copy and paste the URL into your memo of the link to where you can access these financial statement reports.§ Balance Sheet§ Income Statement§ Statement of Cash Flows.Match (by letter) the following terms with their definitions. Each letter is used only once.Terms _____ 1. Publicly held corporation. _____ 2. Organization chart. _____ 3. Articles of incorporation. _____ 4. Limited liability. _____ 5. Initial public offering. _____ 6. Double taxation. _____ 7. S corporation. _____ 8. Limited liability company. Definitions a. Shareholders can lose no more than the amount they invest in the company. b. Corporate earnings are taxed twice—at the corporate level and individual shareholder level. c. Like an S corporation, but there are no limitations on the number of owners as in an S corporation. d. Traces the line of authority within the corporation. e. Allows for legal treatment as a corporation, but tax treatment as a partnership. f. Has stock traded on a stock exchange such as the New York Stock Exchange (NYSE). g. The first time a corporation issues stock to the public. h. Describes (a) the nature of the firm’s business activities, (b) the shares to…What is Jenna’s basis in TOBY, INC. stock? Does Ollie have income, gain , or loss on the transaction in which he receives stock in TOBY, INC.? Indicate the amount of any income, gain, or loss. What is Ollie’s basis in his TOBY, INC. stock? What basis does TOBY, INC. have in: The computer and peripheral equipment Office furnishings Land and building
- Conduct a research on how to register a One Person Corporation with the Securities and Exchange Commission. Prepare the following: 1. Articles of Incorporation of preferred One Person Corporation. 2. By-Laws of preferred One Person Corporation 3. Letter of the Securities and Exchange Commission for the assigned Nominee and Alternate Nomineetrue or false? check picWhat is a limited liability corporation? Discuss its advantagesand disadvantages. You can search the Internet for thebrief IRS Publication 3402, Taxation of Limited LiabilityCompanies, which includes a section describing this newerform of business organization.
- this question in the appropriate place on Blackboard. An S-Corp can only have how many shareholders max and how many classes of stock? Concepts /Terminology to Know: • LLC: Benefits of limited liability like a corporation but pass through taxes S-Corp: Know the four criteria, tax structure, pass through taxes... • Close corporation: simply means few shareholders, generally family run businesses Registration: States - usually go through Secretary of State • Governance: Business Judgment Rule • Blue Sky Laws: Securities laws at the state level • Federal Laws: Sarbanes Oxley, see chapter 8Briefly compare 3 types of business entities with each other in terms of their legal classification. Briefly compare each of the 3 types of business entities with each other in terms of their tax classification. Research a popular company online, such as Walmart or Google, and identify the type of its business entity. Briefly explain why you think they have chosen the business entity for their business.Marty Byrd is debating setting up his new business venture as a corporation. He comes to you for advice. What would you tell him? Include at least 3 advangates and 1 disadvantage to incorporating
- Question-based on forming a business. I have tried it but incorrect answer. Numbers 2 and 3 are incorrect.Nicole organized a new corporation. The corporation began business on April 1 of year 1. She made the following expenditures associated with getting the corporation started:\ table[[Expense, Date,Amount], [\table[[Attorney fees for articles of incorporation], [March 1 - March 30 wages]], February 10, $43,000 What is the total amount on the start-up cost and organizational expenditures for nicoles corporation?HELP ME ACCOUNTING CORPORATION TRUE OR FALSE. BASED ON PHILIPPINE LAW, RULES OR STANDARD. THANKS