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Unformatted text preview: what gives them limited libality? Basic type of corporations Private or closely held: not traded on any stock exchange; stock held by a few Some are big: hallmark, bose, master card and mars Many are relatively small; even individuals can incorporate Don’t have to share financials with outsiders Public: shares traded on stock exchanges, widely held by many people and institutions Financial stements are open to the public Non-profit: performs public service, special tax considerations Sole prop Small Easy-unlimited liability Llc+ limited liabilities Corp+limited liabilities-2x taxes-expensive...
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This note was uploaded on 03/18/2012 for the course BUSINESS 101 taught by Professor Dr.luzadis during the Fall '11 term at Miami University.
- Fall '11