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Temporal effects include
Corporate Form
A business structure where the company operates as a separate legal entity from its owners, providing limited liability protection but facing double taxation.
Charter
A document that is issued by the state to set forth important terms and features regarding the creation of a corporation.
Stockholders
Individuals or entities that own shares in a corporation, giving them certain rights and a stake in its performance.
Corporation
A legal entity that is separate and distinct from its owners, with rights to own property, incur debt, sue and be sued.
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