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Unformatted text preview: Corporations Private: Not traded on any stock exchange Public: shares are traded on one or more stock exchange Non-profit performs public services, has special tax consideration Corporation Advantages Limited liability More money for investment Size Perpetual life Ease of ownership change Ease of drawing talented employees Separation of ownership/mgmt. Disadvantages Extensive paperwork Double taxation Two tax returns Size Termination difficult Conflict with stockholder & board Initial cost...
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This note was uploaded on 04/01/2008 for the course COB 200 taught by Professor Balmer during the Spring '06 term at Eastern Michigan University.
- Spring '06