Identify and State the Historical Significance of the Following

question 20

Short Answer

Identify and state the historical significance of the following:
-Dartmouth College v.Woodward

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Definitions:

C Corporations

A type of corporate structure where the business is taxed separately from its owners, offering limited liability protection to its shareholders.

Tax Advantages

Financial benefits derived from tax laws, which reduce the tax liability of an individual or business.

Limited-Liability

This is a legal status that prevents a company's shareholders from being personally liable for the company's debts or liabilities beyond their investment in the company.

Articles of Incorporation

Legal documents filed with a governmental body to legally document the creation of a corporation.