01_Corporate_Financial_Management

01_Corporate_Financial_Management - Corporate Financial...

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Corporate Financial Management Thomas Hogan FNAN 301 January 25, 2011
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Agenda Corporate organization Financial decisions Goals & governance
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The Corporation A corporation is a legal entity which allows managers to conduct business on behalf of its owners ( ). Owners elect the Board of Directors, which hires senior managers. Initial owners get a charter from the government. Corporations are like people in the eyes of the law as they must pay taxes, can be sued, etc. Corporation continues to exist even if owners sell their portion of company, which can be done relatively easily.
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Corporation is the most complex type of business organization. Simpler forms include: Sole proprietorship (single owner) Partnership (group of owners) Limited liability partnership (1 full partner and multiple limited partners) Only corporations have completely limited liability for all owners. Incorporating makes it easier for the firm to
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01_Corporate_Financial_Management - Corporate Financial...

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