Kind of. I would call it a company not a corporation though.
The Corporation
One person cannot be their own corporation. This is because there are too many jobs to be done by one person efficiently.
Yes. A corporation is an artificial person but is a person according to the law and thus can be a partner in a partnership.
It basically means that for certain legal purposes, a corporation is similar to a person. For example, a corporation can own property, and have certain responsibilities.
It basically means that for certain legal purposes, a corporation is similar to a person. For example, a corporation can own property, and have certain responsibilities.
YES what kind of organization?
Nasa is an Aerospace Company
A solo professional corporation is a corporation operated with one person as the board of directors. This corporation is usually for an individual who wants to run a business solely.
Yes.
Of course. That's why a person becomes a guarantor -- to satisfy the corporation's debts if the corporation is unable to do so.
A corporation is a group of people or corporation that has the permission to act as a single entity. Corporations have most of the rights and responsibilities that a person would have.