2006-12-14 03:23:55 · 7 answers · asked by Jacks036 5 in Business & Finance ➔ Corporations
incorporated
2006-12-14 03:32:21 · update #1
A company can be a parntnership, general partnership or a Corporation.
A partnership has few partners as capital owners. No dual taxation.
Genral parntership has one partner managing the company. No dual taxation.
Corporations have entity assumption menaning pertpetual existense and can have dual taxation.
2006-12-14 05:08:00 · answer #1 · answered by Mathew C 5 · 0⤊ 0⤋
Generally speaking in most countries the terms mean the same thing, referencing a judicial or unnatural person commonly called a corporation. A partnership, sole proprietorship, etc. are not referred to as companies since a company is a judicial entity not a person. For more information on Panama Companies go here:
http://www.panamalaw.org/bearer_share_corperation.html
2006-12-14 05:03:43 · answer #2 · answered by panama7777777 2 · 0⤊ 0⤋
A company may be a "sole proprietorship" owned by ONE person...it can be a partnership, if owned by more than one, in which case it can then incorporate. There are various types of corporations---they'll be noted either as LLC (Limited Liability Corporation), or "Inc." (Incorporated)---into a legal entity who's owners' personal assets are protected from any liability against the company.
2006-12-14 03:31:14 · answer #3 · answered by Anonymous · 1⤊ 0⤋
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2016-12-11 09:01:08 · answer #4 · answered by unck 4 · 0⤊ 0⤋
a corporation is several companies combined together to make and market similar products.
A company can be incorporated to protect its interests and products
2006-12-14 03:28:08 · answer #5 · answered by Anonymous · 1⤊ 1⤋
I'm not exactly sure but i think the difference is outsiders can buy shares of a corporation. And they have many different locations throughout the world. But don't quote me
2006-12-14 03:28:24 · answer #6 · answered by jillybean 3 · 0⤊ 1⤋
i am looking into that my self a good place to start is read a book called inc.& grow rich next go to this site and ask them questions they are the professionals......www.sageintl.com. i hope that helps.
2006-12-14 03:33:33 · answer #7 · answered by loneylatin 1 · 0⤊ 1⤋