f8 - Copyrright Doug Hillman 2000 Corporations: Paid- in...

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Unformatted text preview: Copyrright Doug Hillman 2000 Corporations: Paid- in Capital 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 Copyrright Doug Hillman 2000 Organization of a Corporation Stockholders Board of Directors Management Copyrright Doug Hillman 2000 Stockholders Right Vote at stockholders meetings Sell or dispose of shares of stock Participate in corporate profits by receiving dividends when declared Maintain ones percentage ownership ( preemptive right ) Participate in distribution of assets on liquidation Copyrright Doug Hillman 2000 Advantages of Incorporation Ability to generate capital investment Ease of transfer of ownership Continuity of life Limited liability Professional management Copyrright Doug Hillman 2000 Disadvantages of Incorporation...
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f8 - Copyrright Doug Hillman 2000 Corporations: Paid- in...

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