Which Form 8865 Entity 2024

Recently there's been a lot of talk about the role of corporations in our economy but no one takes the time to explain exactly how they work or the benefits they provide. Let's give it a try. Corporations are designed to make a profit while delivering value to their shareholders. By doing so, they drive economic growth and all the good things that come with it. As corporations grow, many individuals invest directly or indirectly through mutual pension and retirement plans. These stockholders provide money or capital for corporations to grow, thereby creating economic growth and rewarding investors with the opportunity to profit. In this video, we'll start with the basics of corporate structure. Be sure to check out later episodes where we'll dive into some of the specifics. Now, when you think about how a company runs, your first instinct may be to compare it to something like a school board or a homeowner's association, or even Congress, where decisions are made by a simple majority vote. But corporations are more complex. In fact, there are three principal groups that govern corporations: the management, board of directors, and shareholders. The relationship and responsibilities of these three groups are defined primarily by state law and a corporation's own Charter and bylaws. That means each corporation is a little different, but all have government oversight. The management is made up of all those people with acronyms like CEO and CFO. Their responsibility is running the day-to-day operations of the company. Most importantly, management identifies and manages corporate risks. The board of directors' responsibility is overseeing the strategy and ance of the management. Within the board, there are various committees designed to tackle specific issues, such as audits, compensation, or corporate governance. These committees recommend policy for approval by the entire board, but we'll...