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Unformatted text preview: shareholders; Board of Directors appoints: President - CEO Controller - Chief accounting officer Treasurer - custody of funds and cash position (Notice segregation of duties) • Disadvantages o Separation of owners from management o Government regulation o Double taxation • Shareholder rights o Vote o Receive dividends (but not guaranteed) o Preemptive - right to retain same % of ownership by buying more shares o Residual claim - share in net assets @ liquidation...
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- Spring '08
- Taxes, Corporation, chief accounting officer, fiduciary taxes