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This form is By-Laws for a Business Corporation and contains provisons regarding how the corporation will be operated, as well as provisions governing shareholders meetings, officers, directors, voting of shares, stock records and more. Approximately 9 pages.
A corporation with no employees is a legal entity that is formed and registered under state law but does not have any individuals working for the corporation.
Yes, a corporation can exist without any employees. It can be solely owned and operated by its shareholders or directors.
There can be various reasons for forming a corporation without employees. It may be done for asset protection, tax benefits, or to hold investments and assets separately from personal affairs.
Yes, even without employees, corporations have certain obligations and responsibilities. They must comply with state laws, file annual reports, maintain records, and fulfill any financial or tax obligations.
Yes, a corporation without employees can still engage in business activities and generate profits. It can enter into contracts, provide services, or earn income through investments.
Having a corporation with no employees can provide limited liability protection for the owners, potential tax advantages, and the ability to separate personal and business assets.
Some disadvantages include the cost of forming and maintaining the corporation, potential difficulty in obtaining financing, and the requirement to follow complex legal and administrative procedures.
Yes, a corporation without employees can hire contractors or freelancers to perform specific services or tasks. However, they are not considered as employees of the corporation.
If a corporation does not have any employees, there is usually no requirement to obtain workers' compensation insurance. However, it's essential to consult with legal professionals to ensure compliance with state laws.
Yes, a corporation without employees can have shareholders. These shareholders are individuals or entities that own shares of the corporation's stock and may also be involved in the decision-making process.
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