Series 22: 1.2.4. Corporate Securities

Taken from our Series 22 Top-off Online Guide

1.2.4. Corporate Securities

A corporation is a form of business entity that operates as a separate, legal entity. It is generally owned by its shareholders and guided by an elected board of directors. Corporations receive their own separate tax identification number and typically pay taxes as a separate taxpayer.

A general corporation issues stock in unlimited amounts to an unlimited number of shareholders, and stocks are freely traded in the market without limit. This

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