MGMT 211 test 4 - MGMT 211 CHP to Click10 edit Master...

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Click to edit Master subtitle style 11/5/09 MGMT 211 CHP 10
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11/5/09 Factor to picking business Ease of operation; set up costs and difficulty of operation Desired length of existence of the business Personal liability Taxation Ease of sale of business Ease of raising capital
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11/5/09 3 Major Types of Business Entities Sole proprietorship Partnership Corporation
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11/5/09 To qualify a closely held corporation as an S The corporation must be a domestic corporation The corporation must not be a corporation that is affiliated with a group of corporations. In other words it can not be wholly owned by another corporation that is owned by another corporation The Shareholders can only be
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11/5/09 CII The CII was created to promote accountability of coporate directors to their shareholders
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11/5/09 Business Judgement Rule Rational Informed No conflict of interest
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11/5/09 Tender offer Way of purchasing a company at likely more than face value of the stock because control command a premium
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11/5/09 A of O Articles of Organization = LLC
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11/5/09 Chp 11
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