There are different types of corporations. Corporations do have a number of common points. First off, a separate corporate tax return is required. Accurate bookkeeping is important. Payroll tax is required. In general, corporations are expected to have their administrative paperwork in good order. Fines and penalties can be steep. Corporation documents are filed at the state level. Board Meetings, board minutes, documents of incorporation are routine requirements. Corporations also file taxes in various states, and laws vary from state to state.
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