Corporations Chapter 8.

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Presentation transcript:

Corporations Chapter 8

A corporation is a business organization recognized by law as a separate legal entity with all the rights of an individual.

Corporations receive a charter, or government permission to create a corporation, which includes details about stock ownership.

Investors who buy common or preferred stock in a corporation become owners of the firm.

The advantages of corporations ease of raising capital professionals may run the firm instead of the owners owners have limited liability business’s life is unlimited easy to transfer ownership.

The disadvantages a charter is expensive ownership and management are separated so shareholders have little say in running the business; corporate income is taxed twice; subject to government regulation.

Question Who are really the owners of a corporation? stockholders