Business Organization

Business Organization - Running head: BUSINESS ORGANIZATION...

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Running head: BUSINESS ORGANIZATION 1 Business Organization Shannon Greenwood BUS 210 November 24, 2011 Eva Cruz Morel
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BUSINESS ORGANIZATION 2 Business Organization A joint-stock company is a company which has the capital of its members pooled into a common fund. It has transferable shares that represent ownership interest. The stocks certificates can be bought and sold by investors. An example of this would be a shipping business that one man has opened; he is the one to manage the daily operations of the business. However, he doesn’t have the capital to maintain the business so he would sell shares of his business to outside investors to gain capital. In return, the stockholders get to receive a portion of the profits of his shipping business. The downfall to this type of business is that if this shipping business fails every single one of the shareholders can be held liable for the debts of the business. Even their personal items such as homes and personal bank accounts can be seized to satisfy the
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Business Organization - Running head: BUSINESS ORGANIZATION...

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