1. FIN 614: Financial Management Larry Schrenk, Instructor

2. 1.Business Organizations 2.Two New Business Forms 3.Agency Issues 4.Financial Securities 5.Financial Institutions 6.Financial Markets

3. Forms Sole Proprietorship Partnership Corporation Issues Taxes Limited Liability

4. Limited Liability Company (LLCs), etc. Not Incorporated (Uncorporations) Limited Liability Pass Through Taxation Benefit (B) Corporations For Profit + Social Impact Performance Related to Goals Transparency

5. Delegation of Authority Agent vs. Principal: Incentive Conflict Society: Politics, Law, etc. Business Shareholder vs. Manager Bondholder vs. Shareholder

6. Classes Bonds Stock Derivatives Issues Return Risk

7. Financial Intermediaries Insurance Firms Pensions Banks Functions Financial Intermediation Risk Diversification Economies of Scale

8. Types Capital vs. Money Markets Primary vs. Secondary Markets Spot vs. Futures Markets Functions Capital Allocation Efficiency Liquidity

9. FIN 614: Financial Management Larry Schrenk, Instructor