LYCOS RETRIEVER 
Corporation: Business
built 629 days ago
NEW YORK, Jan 07, 2008 (BUSINESS WIRE) -- Answers Corporation, creators of Answers.com(TM), today announced that it is working with Nokia to offer owners of Nokia Series 40 and S60 devices access to its collection of over four million answers. The service is being made available in the Download! client on Nokia devices.
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LLCs are owned by members, which are like shareholders in a corporation. Unlike S corporations, which are limited to 75 shareholders, the LLC can have an unlimited amount of members. A member's ownership interest in the LLC is referred to as a 'membership interest'. It is like stock in a corporation. All members of an LLC can manage the business; management can ... be delegated to fewer than all members or to a single manager. A manager can be an individual, a partnership, a corporation, or, in some states, such as Nevada, even another LLC.
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In Canada both the federal government and the provinces have corporate statutes, and ... a corporation may have a provincial or a federal charter. Many older corporations in Canada stem from Acts of Parliament passed before the introduction of general corporation law. The oldest corporation in Canada is the Hudson's Bay Company, chartered in 1670. Federally recognized corporations are regulated by the Canada Business Corporations Act.
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The important point to remember is that, when you own a corporation, it exists as a completely separate entity or ‘person’. You can live anywhere you choose because it is the corporation's 'state of residence' that dictates the requirements. You will find that a Nevada corporation provides the greatest benefits for protecting you and your business.
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When no stockholders exist, a corporation may exist as a non-stock corporation, and instead of having stockholders, the corporation has members who have the right to vote on its operations. If the non-stock corporation is not operated for profit, it is called a not-for-profit corporation. In either category, the corporation comprises a collective of individuals with a distinct legal status and with special privileges not provided to ordinary unincorporated businesses, to voluntary associations, or to groups of individuals.
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The directors, who comprise the “board of directors,” are responsible for managing the affairs of the C corporation. Usually, directors make only the major business decisions. They ... appoint and supervise the officers, who make the day-to-day business decisions of the C corporation.
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