Term Paper

Discussion Question Week Four

Paul Agnes Pierre Louis

transport/415

May 17, 2012

Toni Sellers















Elaine and Roy are registered nurses. They want to start a kinsfolk health agency, taking referrals from physicians and providing health care to home surround patients. They plan to be in business for 10 years. signalize the reasons why incorporation is an effective idea for their business, the stairs they must take to incorporate their business, and the steps they must take to fire the corporation once the 10 years has passed. (Please apply your reciprocation specifically to the business above and give illustrations involving that business.)

Answer:

To understand their entity an incorporation the Articles of Incorporation must be filed in the secernate where they live, this is the first step. Secondly a name of the corporation impart be required. Furthermore they need to create a embodied By honor. The cost of doing all this may depend on the common conditions. It could cost 25-1000$. In incorporation a company becomes a legal entity and has the same value in the eyes of law as any person. Not too much touchstone is required to start incorporation so consequently the direct of risk involved will be less.



Secondly tax income in incident of incorporation is at low rates. In order to pop off more money or pay the stocks can be offered to the others. If in case theyll pass off the corporation will be given to the beneficiaries.

In case of corporate dissolution a decision has to be do initially. The shareholders will approve the corporate action. An IRS Form 966 is then filed to get exempt of the corporation and to inform the government. It is also necessary to puzzle this in notice of the state office. The creditors are supposed to be told all this in writing. After completing all these steps they can sell the remaining assets. Thus this getting rid is a complicated process.

Tom inherited his fathers landscaping business, and incorporated the...If you want to get a replete essay, order it on our website: Orderessay



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