Understanding Nonprofit Incorporation Definition of Nonprofit Incorporation Nonprofit incorporation is the process of legally forming a nonprofit corporation. A nonprofit corporation is a legal entity that is created under state law and is recognized by the federal government as exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code. Nonprofit incorporation involves […]
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Understanding Certificate of Incorporation Definition and Importance A Certificate of Incorporation is a legal document that serves as proof of the registration of a company with the Accounting and Corporate Regulatory Authority (ACRA) in Singapore. It is a crucial document that is required for various purposes such as opening a corporate bank account, applying for […]
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Historical Overview of Corporation Tax Changes Origins and Evolution of Corporation Tax Corporation tax, also known as corporate tax, is a tax imposed on the income or capital of corporations. The origins of corporation tax can be traced back to the early 20th century when it was first introduced in the United States. However, it […]
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Understanding Articles of Incorporation Definition and Purpose Articles of Incorporation, also known as a “Certificate of Incorporation” or “Corporate Charter,” are legal documents that establish a new corporation as a separate legal entity. The articles of incorporation outline the basic structure and purpose of the corporation, including its name, registered office, share capital, and company […]
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Understanding Formation and Incorporation Definition and Differences Formation and incorporation are two legal processes that are often used interchangeably, but they have different meanings. Formation refers to the creation of a business entity, such as a company, partnership, or sole proprietorship. Incorporation, on the other hand, specifically refers to the process of creating a corporation. […]
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Foundations of Selective Incorporation Historical Context and Constitutional Framework Selective incorporation is a legal doctrine that has its roots in the U.S. Constitution and the Bill of Rights. The Bill of Rights was added to the Constitution in 1791 to protect individual liberties and limit the power of the federal government. However, it was not […]
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Introduction to Selective Incorporation Selective incorporation is a constitutional doctrine that ensures states cannot enact laws that infringe on the fundamental rights of citizens as outlined by the Bill of Rights. This concept has evolved through key Supreme Court cases, invoking the due process clause of the Fourteenth Amendment to apply federal protections to the […]
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Basics of Incorporation Incorporation is a process that involves the formation of a legal entity, typically a company, that is recognized as a separate body from its owners or shareholders. This process allows the company to conduct business as a separate legal entity, with its own rights and obligations. The process of incorporation involves several […]
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Understanding Articles of Incorporation When starting a business, one of the first legal documents you’ll need to file is the Articles of Incorporation. This document is a legal requirement and establishes the existence of a corporation as a separate legal entity from its owners. Definition and Purpose of Articles of Incorporation The Articles of Incorporation […]
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