12 9 08
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There are two main types of corporations: publicly held and closely held. Corporations provide advantages like limited liability for stockholders, the ability to attract capital, and the ability to continue indefinitely. However, corporations also have disadvantages such as double taxation and potential loss of control by founders. Limited liability companies resemble S corporations but are more flexible in their structure and taxation. LLCs provide liability protection for members while balancing corporate and partnership tax treatment.
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A company is a legal entity that is separate from its owners. It has an independent existence and can own property, be party to contracts, sue and be sued. The key advantages of the corporate form include limited liability, meaning owners are not personally liable for the debts of the company, and transferable shares that allow for investment and ownership changes. A private company must have restrictions on share transfers and a maximum of 50 members to maintain its private status.
B-Law_ch02_Business environment (types).pptx
There are four main forms of business organization: sole proprietorships, partnerships, corporations, and limited liability companies (LLCs). Sole proprietorships have one owner with unlimited liability, while partnerships have two or more owners with unlimited or limited liability depending on the type of partnership. Corporations have stockholders with limited liability and can exist indefinitely. LLCs combine features of corporations and partnerships, providing owners limited liability with pass-through taxation.
Corporate ownership structure
The document discusses different types of corporate ownership structures. It explains that a corporate structure separates the business as a distinct legal entity from its owners. It then describes some key features of corporate ownership including shareholders' rights, liability protection for owners, and that corporations can exist indefinitely unlike other business types. The document also outlines different types of corporations like S corporations and LLCs, and how they can be structured. It discusses important decisions around choosing a corporate structure and taxation implications. Finally, it briefly touches on the differences between public and private limited companies.
Test revision 2013
Este ppt se utilizará para realizar revisión previa a examen. This ppt is intended to be used as revision. Legal English course.
What is corporation and its types
There are three main types of corporations: chartered companies (no longer formed), statutory companies (incorporated by special act of parliament like Kengen), and registered companies (formed by registration under the Companies Act). Registered companies can be public companies (no limit on members) or private companies (limit of 50 members). They can also be limited by shares or guarantees, or unlimited. Shareholders have rights like voting, dividends, purchasing new shares, and remaining assets after liquidation. Capital stock represents the equity a company is authorized to issue. Par value is the nominal value stated, market value is the current trading price, and book value is the net worth if liquidated. Preferred stock holders are paid dividends before common
Chapter 3
This document discusses entrepreneurship and the principles, concepts, factors, types, and characteristics of different forms of business ownership. It also compares the advantages and disadvantages of sole proprietorships, partnerships, and companies. The key forms of business ownership covered are sole proprietorships, partnerships, and companies. Sole proprietorships are easy to start but have unlimited liability. Partnerships allow for more resources but can be unstable. Companies have the most access to capital but more regulatory requirements. The document also outlines the procedure for registering a new business, including choosing a name, business plan, licenses, and form of ownership.
Shadow Directors and Equitable Subordination - Carsted Rosenberg Advokatfirma
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This document discusses shadow directors and equitable subordination under Danish and European law. It defines a shadow director as someone who effectively directs a board's decisions without being a formal director. Shadow directors can face similar liabilities as official directors. The document also explains equitable subordination, where a bankruptcy court subordinates a senior lender's claims if they acted inequitably towards junior lenders. However, equitable subordination and shadow director liability are difficult to establish under Danish law and the concept of piercing the corporate veil is rarely applied.Sole Proprietorship - Partnership - Corporation Advantages And Disadvantages
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Pillay Ronal Anthony Roll no;79 assignment 1.pdf
The document discusses different types of business organizations including sole proprietorships, partnerships, corporations, and cooperatives. It covers the key characteristics of each type of business organization such as sole proprietorships being owned by one individual, partnerships having two or more owners who share profits and liability, corporations being legally separate entities from their owners with transferable shares, and cooperatives being jointly-owned organizations that provide services to their members. The document also compares the advantages and disadvantages of each type of business organization and factors to consider when choosing between them such as capital requirements, liability, and tax implications.
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Ch. 2 organizing and financing a new business itmamul akwan_825839_recording
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12 9 08
- 1. AIM: Discuss aspects of a corporation and different types of corporations. Do Now: Would you rather be a sole proprietor or partner? Give an explanation why.
- 4. Liability Features of the Basic Forms of Ownership Corporation Claims of Corporation’s Creditors Corporation’s Assets Shareholder’s Personal Assets Shareholder’s Personal Assets Barrier Barrier
- 6. Liability Features of the Basic Forms of Ownership S-Corporation Claims of S-Corporation’s Creditors S-Corporation’s Assets Shareholder’s Personal Assets Shareholder’s Personal Assets Barrier Barrier
- 9. Liability Features of the Basic Forms of Ownership Limited Liability Company (LLC) Claims of LLC’s Creditors LLC’s Assets Member’s Personal Assets Member’s Personal Assets Barrier Barrier