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URL:https://www.learndesk.us/class/4615273002827776/lesson/d673205334015a5218a2b450f577b522?ref=outlook-calendar
SUMMARY:Business and Ethics Section, Part 1
DTSTART;TZID=America/Los_Angeles:20260517T190000
DTEND;TZID=America/Los_Angeles:20260517T200000
LOCATION:https://www.learndesk.us/class/4615273002827776/lesson/d673205334015a5218a2b450f577b522?ref=outlook-calendar
DESCRIPTION: Business Practices

Business Entities:

Corporations- A legal entity whose assets and liabilities are separate from those of its owners Each state has its own requirements for incorporation.
Articles of incorporation Electing officers...CEO, CFO, COO etc. Obtaining an Employee Identification Number from the IRS Check with the Secretary of State for specific requirements Owners are known as “shareholders”... 
Shareholders own shares of stock.
Unit of ownership of the corporation.
Carries voting rights in corporate decisions Two types.
Common stock Preferred stock “C” Corporation...A “regular” corporation
Profit is taxed to the corporation when earned.
Federal taxes and state income taxes, where required Shareholders are taxed as dividends are distributed
Advantages
Limited liability for shareholders Money can be raised through the sale of stocks Benefits provided to employees and officers can be deducted may be easier to get a...

https://www.learndesk.us/class/4615273002827776/lesson/d673205334015a5218a2b450f577b522?ref=outlook-calendar
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SEQUENCE:3
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