If Asked to Fill Out a Personal Data Sheet or Background

question 39

True/False

If asked to fill out a personal data sheet or background form, add a section telling all about yourself.

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Definitions:

Express Powers

Powers explicitly granted to an entity or individual by statutes or in a legal document, such as a constitution or contract.

Double Taxation

The imposition of tax on the same income, asset, or financial transaction at two different levels of government, for example, corporate profit followed by personal income tax on dividends.

Perpetual Existence

A feature of corporations allowing them to continue indefinitely, beyond the lives of their owners or members.

Articles Of Incorporation

Document filed with a state government to legally document the creation of a corporation, outlining key details such as name, purpose, and structure.