Introduction of Proposed Business
The proposed Business is a bank that biblical principles will establish. The bank is proposed to serve the residents of the state of Missouri.
Description of the Business Entity for the Proposed Business
The proposed Business will be a C-corporation, an autonomous legal entity that exists unconnectedly to the Business's owners. Stakeholders, the executive, and officials will have control of the Business. However, one individual in a C-corporation could accomplish all of these roles, so it is conceivable to form a business overseeing everything. The stakeholders will not be liable for the liabilities and debts of the Business. However, this type of entity is expensive to create, and many formalities are ...