Corporation by hishaj https://padlet.com/471708/2ctiynxgghvk en-us 2016-02-08 15:39:49 UTC 2016-02-09 15:46:21 UTC hello@padlet.com What is a Corporation? 471708 https://padlet.com/471708/2ctiynxgghvk/wish/93824510
  • A corporation is created by a group of shareholders who have separate ownership of the corporation
  • A company or group of people who are authorized to act as a single entity
  • There is a board of directors whom typically oversee the management of the corporation
  • Has the right to enter into contracts, loans and borrow money and sue and be sued
    • ]]>     2016-02-08 15:52:28 UTC https://padlet.com/471708/2ctiynxgghvk/wish/93824510     Disadvantages 729459 https://padlet.com/471708/2ctiynxgghvk/wish/93824737
  • Requires vast amounts of legal paperwork and require more records than other businesses
  • Taxes tend to be in greater magnitude (double) compared to other business ownerships
  • Workers will have little to no say in the interests or methods of the business
  • Government agencies pay closer attention to businesses subjecting them to vast amounts of legal paperwork and records compared to other businesses
  • Management will have more control over the investors within a corporation
    • ]]>     2016-02-08 15:52:59 UTC https://padlet.com/471708/2ctiynxgghvk/wish/93824737     Advantages  varishanaeem https://padlet.com/471708/2ctiynxgghvk/wish/93825241
  • Corporations can usually raise funds more easily than sole proprietors or partners
  • Usually shareholders do not operate the company. They have employees to do so
  • Shareholders have a limited liability 
  •  A corporation can continue to exist after the death of the owner
  • Due to the size and scale of operations, many large corporations become self-financing and no longer rely on bank loans to finance operations
    • ]]>     2016-02-08 15:54:31 UTC https://padlet.com/471708/2ctiynxgghvk/wish/93825241     471708 https://padlet.com/471708/2ctiynxgghvk/wish/93931362 2016-02-08 22:15:49 UTC https://padlet.com/471708/2ctiynxgghvk/wish/93931362 471708 https://padlet.com/471708/2ctiynxgghvk/wish/93932280 2016-02-08 22:21:42 UTC https://padlet.com/471708/2ctiynxgghvk/wish/93932280 471708 https://padlet.com/471708/2ctiynxgghvk/wish/93932800 2016-02-08 22:26:00 UTC https://padlet.com/471708/2ctiynxgghvk/wish/93932800