Corporations Paid-in Capital

Corporations Paid-in Capital - Corporations: Paid in...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
© Copyrright Doug Hillman 2000 Corporations: Paid- in Capital
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
© Copyrright Doug Hillman 2000 Corporation A group of persons authorized to act as a separate legal entity Same privileges and responsibilities as an individual Enter into contracts Sue or be sued Own, buy, and sell property
Background image of page 2
© Copyrright Doug Hillman 2000 Organization of a Corporation Stockholders Board of Directors Management
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
© Copyrright Doug Hillman 2000 Stockholders’ Right Vote at stockholder’s meetings Sell or dispose of shares of stock Participate in corporate profits by receiving dividends when declared Maintain one’s percentage ownership ( preemptive right ) Participate in distribution of assets on liquidation
Background image of page 4
© Copyrright Doug Hillman 2000 Advantages of Incorporation Ability to generate capital investment Ease of transfer of ownership Continuity of life Limited liability Professional management
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
© Copyrright Doug Hillman 2000
Background image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/01/2010 for the course ACC 1000 taught by Professor Lee during the Spring '10 term at École Normale Supérieure.

Page1 / 18

Corporations Paid-in Capital - Corporations: Paid in...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online