SECTION 8-2 The Corporation. What is a corporation? A corporation is a business organization that operates as a legal entity that is separate from its.

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Presentation transcript:

SECTION 8-2 The Corporation

What is a corporation? A corporation is a business organization that operates as a legal entity that is separate from its owners and is treated by law as if it were an individual person. Can sue or be sued 20 % of all business are corporations

Starting a Corporation

Issuing Stock

Advantages of the Corporation

Disadvantages of a Corporation

Franchise Not a form of business ownership A franchise is a contractual agreement to sell a company’s products or serviced in a designated geographic area McDonald’s, Subway, Taco Bell, Red Lobster

Which form of business ownership is best? Choose the one that best fits your need. Often, corporations start out as a sole proprietorship or partnership.