What is a 501(c)(7) corporation?

Answer A 501(c)(7) corporation is a non-profit social and recreational organization. The designation of 501(c)(7) certifies this organization's tax-exempt status to the United States Internal Revenue Serv... Read More »

Top Q&A For: What is a 501(c)(7) corporation

What is the difference between a public corporation and a private corporation?

Public and private corporations are common types of business entities used in the United States and Europe. They share many of the same features, benefits and disadvantages, with a few key exceptio... Read More »

What Is the Process to Convert From C Corporation to S Corporation?

Shareholders can choose to change a regular corporation to an S corporation to enjoy special tax benefits. An S corporation is formed by making a subchapter S election under the Internal Revenue Co... Read More »

When is a corporation required to register as a foreign corporation doing business in a state?

A corporation is required to register as a foreign corporation doing business in a state when it is actively conducting business in any state other than the state that it was originally registered ... Read More »

Can a Limited Liability Corporation function without insurance and have some sort of contract signed by its client in its place to protect the Corporation?

Yes you should be. Not all general liability forms automatically add additional insureds so you need to check with your subcontractors policy. There is a web site that I have found where artisan co... Read More »