After 1974, car and truck manufacturers transitioned to a molded pressboard style headliner. These automotive headliners have a rigid cardboard backing and are covered with foam backed cloth, which is glued to the headliner board.
1 In the United States, municipality is usually understood as a city, town, village, or other local government unit, formed by municipal charter from the state as a municipal corporation.
A C corporation is a business term that is used to distinguish this type of entity from others, as its profits are taxed separately from its owners under subchapter C of the Internal Revenue Code. In an S corporation, the profits are passed on to the shareholders, and are taxed based on personal returns. As opposed to a sole proprietor or an LLC, corporations are usually at a lower risk of being audited by the government. 2  The owners and the shareholders of a C corporation have a limited liability towards business debts.