W3: Vocabulary Blog

1. Article (n) /ˈɑː.tɪ.kl ̩/
- a piece of writing on a particular subject in a newspaper or magazine.
i.e. i write the article for presenting to the boss about the new project.

2. Articles of incorporation (n)
- They are the primary rules governing the management of a corporation in the United States and Canada, and are filed with a state or other regulatory agency.
3. Charter (n) /ˈtʃɑː.tər/ 
- A formal statement of the rights of a country's people, or of an organization or a particular social group, which is agreed by or demanded from a ruler or government.
synonym; renting contract, agreement, allow, contract.
4. Corporate charter (n) 
 - They are the primary rules governing the management of a corporation in the United States and Canada, and are filed with a state or other regulatory agency.
5. Venture (n) /ˈven.tʃər/
-A new activity, usually in business, which involves risk or uncertainty.
6. Joint venture
- it  is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets. There are other types of companies such as JV limited by guarantee, joint ventures limited by guarantee with partners holding shares.
7. C corporation (n) 
- C corporation refers to any corporation that, under United States income tax law, is taxed separately from its owners. Most major companies (and many smaller companies) are treated as C corporations for U.S. income tax purposes.
8. S corporation (n)
- An S corporation, for United States federal income tax purposes, is a corporation that makes a valid election to be taxed under Sub-chapter S of Chapter 1 of the Internal Revenue Code.
- S corporations do not pay any federal income taxes. Instead, the corporation's income or losses are divided among and passed through to its shareholders. The shareholders must then report the income or loss on their own individual income tax returns. This concept is called single taxation; if the corporation is taxed as a C corporation, it will face double taxation, meaning both the corporation's profits, and the shareholders' dividends, will be taxed.

9. Making sentences of five key terms.  C corporation, and S corporation
-  Articles of incorporation
i.e. My company is making the articles of incorporation with China corporation.
- Corporate charter
i.e. the United State allowed me to write the corporate charter to suggest about structure and planning operation.
- Joint venture
i.e. Thai Washin company a joint venture company with Japanese Washin Chemical company.

-  C corporation

i.e. C corporation  would typically first pay a state corporate income tax on its profits. 

-  S corporation 

i.e. S corporation has only allowable shareholder.