Identify Each of the Following Corporations by Type

question 35

Short Answer

Identify each of the following corporations by type.
a.Dr. Smith and Dr. Jones are medical doctors who practice together. They incorporate their medical practice so that they can offer themselves and their employees better employment benefits.

b. A group of concerned citizens obtains a corporate charter from the state to form a local Water Planning and Management Corporation that is authorized to do water planning on a local level, to grant permits for such purposes as the installation of ditches, and to encourage good water usage practices in their jurisdictional area.
Agatha and Betty, who are sisters, form a corporation in which they are the sole shareholders.
c.They plan to operate a large retail store that sells collectibles. Agatha is the president and Betty
is the chairperson of the board of directors.
d. Shelby and Trent form a corporation to prevent spouse and child abuse. The corporation operates a shelter for battered women and homeless children.
e. Zebron Corporation is incorporated in the State of West Virginia. It decides to expand its business to Kentucky. What type of corporation is it in West Virginia? What type of corporation is it in Kentucky?

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Definitions:

Clothing

Textile items worn on the body, primarily designed for purposes such as protection, comfort, and social or cultural expression.

Cosmetics

Substances or products applied to the body, particularly the face, to enhance or alter appearance, often for beauty or grooming purposes.

Make-up Artist

A professional skilled in applying cosmetics and styling hair to enhance or alter an individual's appearance.

Opinion Leaders

Individuals who have significant influence on the opinions, attitudes, and behaviors of others within their community or social network.