FORMS OF BUSINESS ORGANI-ZATIONS. 3.1 NOTES. CORPORATION FUN FACT. Where does the word “corporation” come from? 190 C.E. – A founder of the Christian church named Tertullian was the first to use it in writing. It comes from the Latin word corporare which means “to make into a body .”.
WHAT IS (A)…
When a corporation wants to introduce a potentially profitable but risky product, it frequently sets up a separate company that has its own corporate structure. WHY do you think the corporation does this?
It is common for countries/states/cities will often try to attract a corporation to build its headquarters in their state by offering tax credits or tax reduction.