A corporation can be organized for the purpose of making a profit

A corporation can be organized for the purpose of making a profit 1. A corporation is not an entity which is separate and distinct from its owners. 2. A corporation can be organized for the purpose of making a profit or it may be nonprofit. 3. A corporation acts under its own name rather than in the name of its stockholders. 4. If a corporation pays taxes on its income, then stockholders will not have to pay taxes on the dividends received from that corporation. 5. A corporation must be incorporated in each state in which it does business. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help