Identify Each of the Following Corporations by Type

question 3

Essay

Identify each of the following corporations by type.
a. Dr. Smith and Dr. Jones are both 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 and to grant permits for such purposes as the installation of ditches, and the encouragement of good water usage practices in their jurisdictional area.
c. Agatha and Betty, who are sisters, form a corporation in which they are the sole shareholders. 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. Bill and Carl form a corporation to prevent spouse and child abuse. The corporation operates a shelter for battered women and homeless children.
e. Zeron 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?

---

Definitions:

Fovea

A small depression in the retina of the eye where visual acuity is highest, due to the concentration of cone cells.

Color Vision

The ability of the eye to distinguish objects based on the wavelengths of light they reflect, emit, or transmit.

Lens

In optics, a lens is a transparent device that refracts or bends light rays to focus them, used in glasses, cameras, and various instruments for magnification or correction.

Fovea

A tiny indent in the eye's retina that features the greatest visual sharpness because of a high density of cones.