A company is a corporation and a corporation is a legal entity, kind of like another person with a legal personality that is given to it by its owners or members. There are 5 things that a corporation can do that is:
It has the right to hold its own moneys. That gives it a right to hold assets separate from its members.
It has the right to hire people and to sign contracts and make bi-laws
that is why if you are starting your own business it may be a good idea to register it as a corporation. The following type of businesses can be registered as corporations:
The mortgage company: This type of company deals with helping people find lenders that will loan them money for their homes.
The software company: makes and sells software for different needs.
The printing company: This type of company deals with all printed materials including, banners and outdoor advertising
The moving company: This type of company deals with transport of furniture and sometimes vehicles
the computer company deals with the sale of computer hardware and software
travel companies work with people that want to travel. They sell tour packages and flights.
The shipping company deals with sending products to different destinations world wide.
All of these different types of businesses can be registered as corporations. When registering your company it is a good idea for an attorney to look at all the documents that register your business as a corporation so that he can check to make sure everything is in order and that it has the correct legal format.
