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A South Carolina professional corporation (PC) is a business formed by one or more licensed professionals to offer services related to their profession. The business is taxed as a single corporate entity and, in most cases, it shoulders the burden of liability instead of the individual owners (shareholders).
South Carolina Business Corporation Act of 1988 defines a Corporation or Domestic Corporation as a corporation incorporated for profit and not a foreign corporation. Any person may act as the incorporator of a corporation by delivering articles of incorporation to the Secretary of State for filing. South Carolina Corporation Law uslegal.com ? state-corporation-law uslegal.com ? state-corporation-law
(a) Unless prohibited or limited by the articles or bylaws, any action that may be taken at any annual, regular, or special meeting of members may be taken without a meeting if the corporation delivers a written or electronic ballot to every member entitled to vote on the matter.
The benefit corporation law allows for the creation of a new and voluntary corporate entity that will allow businesses to consider profit as well as society and the environment. This form of incorporation allows a business to balance fiduciary duty between its shareholders and stakeholders.
When a corporation has only one class of stock, it is identified as common stock. reporting and analyzing stockholders' equity - Harper College harpercollege.edu ? tutoring ? subjects harpercollege.edu ? tutoring ? subjects