Dear PAO, My sister started a small business and registered it as a One Person Corporation, or OPC. My sister said she appointed me as the nominee of her corporation, but I didn't sign any documents ...

A corporation, even if it's a one-person show, takes much more paperwork. If you have shareholders, they have to vote to dissolve the company, according to Wolters Kluwer.

The Securities and Exchange Commission (SEC) reported that in 2020 there were more than 500,000 active corporations, including both domestic and foreign entities, as well as stock and non-stock ...