ad4d9912_siness_Entity_Comparison_Chart__4
[0] C Corporations [1] Unlimited number of shareholders allowed; no limit on stock classes [2] Generally no personal liability of the shareholders for the obligations of the corporation [3] Corporation taxed on its earnings at the corporate level and the shareholders have a further tax on any dividends distributed (double taxation) [5] Board of Directors has overall management responsibility and officers have day-to-day responsibility [6] Shareholders typically purchase stock in the corporation, either common or preferred [4] 
Articles of Incorporation Bylaws Organizational Board Resolutions Articles of Incorporation Stock Certificates Stock Ledger
ILRG: Business Entity Comparison Chart
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