Here are some search examples yielding judgment information for NY and NJ States: New York using âcourtsâ: http://www.courts.state.ny.us/ and âjudgmentâ: http://www.consumer.state.ny.us/clahm/clahm-small_claims_court.htm leads to New York State Small Claims Court information and judgement collection in New York.
At the top of the city. in a glass-chromed room. an attorney assures the board of directors. that the corporation is the person. against which any or all action may be taken, not against each and every director joint or several.
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.