Query
This query is : Resolved
23 September 2014
what is the difference b/w corporations and establishments
CS Mitesh Mehta
(Expert)
26 September 2014
Establishment means unit that produces and/or sells goods or services, and operates from a single physical location. If a firm has several such locations, each is termed an establishment.
Corporation is a legal entity that is separate and distinct from its owners. Corporations enjoy most of the rights and responsibilities that an individual possesses; that is, a corporation has the right to enter into contracts, loan and borrow money, sue and be sued, hire employees, own assets and pay taxes.
Corporation is a legal entity that is separate and distinct from its owners. Corporations enjoy most of the rights and responsibilities that an individual possesses; that is, a corporation has the right to enter into contracts, loan and borrow money, sue and be sued, hire employees, own assets and pay taxes.
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