The basic legal declarations the corporate charter

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Reference no: EM131964204

True and False

1. The articles of incorporation are the basic legal declarations the corporate charter.

2. Limited liability companies (LLCs) are owned by shareholders with limited liability and its earnings are taxed at the corporate rate.

3. The income received by a proprietorship is taxed at personal tax rates

4. The equity capital sources for a proprietorship are partners, families, and friends.

Reference no: EM131964204

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