Examlex
Which of the following is most purely an ascribed status in the United States?
Corporate Bylaws
Documents that outline the internal rules governing the management and operational procedures of a corporation.
Corporate Management
The group of individuals responsible for directing, controlling, and administering an organization or company.
S-corp
is a type of corporation that meets specific Internal Revenue Code requirements, allowing it to pass income directly to shareholders and avoid double taxation.
C-corp
A type of corporation subject to corporate income tax, distinct from its owners, who are taxed separately on their personal income from the corporation.
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