1. CHAPTER 1 DISCUSSION QUESTIONS
1) How did the corporation become so powerful (history & evolution)?
2) What were "jobbers?"
3) How is a corporation a "person?"
4) What is "corporate social responsibility?"
5) What is the history of corporate social responsibility?
6) Why was the South Sea Company a scam from the very start?
7) What did the Bubble Act make a criminal offense?
8) What would allow those of moderate means to take shares in
investments with their richer neighbors?
9) What 2 states sought to attract valuable incorporation business to their
jurisdictions by jettisoning unpopular restrictions from their corporate
laws?
10) What is "new capitalism?"
11) Today, what do corporations use to create unique & attractive
personalities for themselves?

2. WHAT COMES TO MIND WHEN YOU HEAR/READ THE WORD
“CORPORATION”
CORPORATION VS BUSINESS

3. CLIP 1: WHAT IS A CORPORATION?

4. DEFINITION & HISTORY
•CORPORATION:
-“CORPUS”: LATIN “BODY OF PEOPLE.”
-A GROUP OF INDIVIDUALS WORKING TOGETHER TO SERVE A VARIETY OF
OBJECTIVES.
-THE MAIN OBJECTIVE IS TO EARN LARGE, GROWING, SUSTAINED, LEGAL RETURNS
($$$) FOR THE PEOPLE WHO OWN THE BUSINESS.
•FORMS:
-BUSINESS
-GOVERNMENT
-POLITICAL
-RELIGIOUS
-CHARITABLE (NON-PROFIT)

5. ADVANTAGES/DISADVANTAGES
ADVANTAGES:
1) LIMITED LIABILITY OF STOCKHOLDERS
2) ABILITY TO CONTINUE INDEFINITELY
(PERPETUAL LIFETIME)
DISADVANTAGES:
1) COST & TIME TO ESTABLISH & MAINTAIN
2) LEGAL REQUIREMENTS & REGULATORY RED TAPE