Elite Luggage Company
Upon graduating from college with degree in finance, Robert Bradford entered the financial
management training program of a large consulting firm. The program consisted of a one-year
assignment in two different departments.
Chapter Eleven Lecture Note
Why corporation? Limited liability.
Why Delaware? Favorable state law for incorporation.
Why ownership? Voice in management, dividends, capital gain, employee compensation.
Shares: authorized, issued, outstanding, common stock,