Ch05-pp - Learning Objectives-Chapter 5 s List five advantages and four disadvantages of sole proprietorships List five advantages and the two

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Learning Objectives-Chapter 5 List five advantages and four disadvantages of sole proprietorships. List five advantages and the two disadvantages of partnerships. Explain the differences between common and preferred stock from a shareholder's perspective. Highlight the advantages and disadvantages of public stock ownership. Cite four advantages and three disadvantages of corporations. Delineate the three groups that govern a corporation and describe the role of each. Identify six main synergies companies hope to achieve by combining their operations. Explain how the role of dot-com directors differs from the role played by directors of traditional corporations
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Structu Structu re re Ownership Ownership Rules & Rules & Control Control Tax Tax Treatme Treatme nt nt Risk of Risk of Losses Losses Ease of Ease of Establishm Establishm ent & ent & Terminatio Terminatio n n Forms of Business Ownership Sole Proprietors hip One owner has complete control. Profits & losses taxed at individual rates. Unlimited liability for business debts. Easy to set up. General Partnership Two or more owners with equal control unless agreement says different. Profits &
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This note was uploaded on 07/08/2009 for the course BADM badm taught by Professor Dr. during the Spring '09 term at Baptist College of Health Sciences.

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Ch05-pp - Learning Objectives-Chapter 5 s List five advantages and four disadvantages of sole proprietorships List five advantages and the two

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