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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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- Fall '06