Who Is Responsible for the Smooth Day to Day Running of a Corporation?

Committee Structures in Corporations The day-to-day activities of a corporation are typically controlled by a committee or committees. Ownership transfer is easy despite disadvantages like double taxation and excessive tax filings. Corporate Leadership and Management The board of directors manages the corporation and makes decisions. They choose the officers, including the President, Vice President, Secretary … Read more

Can You Make Money From Paintball?

Salary and Income in Professional Paintball Professional paintball players can earn varying salaries based on factors like skill level, experience, team sponsorship, tournament winnings, and endorsements. The top players can make over $100,000 by combining team salaries, tournament winnings, and sponsorships. The income potential in the paintball industry fluctuates significantly. Sponsorship and Business Opportunities Sponsorship … Read more

What Does It Mean for a Corporation to Be Inactive?

Explanation of Inactive Business An inactive business is a business that still exists but has no activity or transactions. It may have no transactions taking place during a specific year. Inactive Dissolution and Benefits Inactive dissolution refers to dissolving a business that is inactive. The main benefits of electing to dissolve include not having to … Read more