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Corporate Forms of Business Ownership

Corporate Forms of Business Ownership. Chapter 6. 10/6/2008. Bell Activity Stock / Corporation What does this mean or signify? People who own stock own a part of a corporation. You can own some corporations for as low as $20. Motivation. What are the largest businesses in NWA?

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Corporate Forms of Business Ownership

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  1. Corporate Forms of Business Ownership Chapter 6

  2. 10/6/2008 • Bell Activity • Stock / Corporation • What does this mean or signify? • People who own stock own a part of a corporation. • You can own some corporations for as low as $20.

  3. Motivation • What are the largest businesses in NWA? • Are they corporations?

  4. Do you believe that lawyers and doctors should be able to incorporate? • Why or why not? • Corporations have limited liability.

  5. New Terms Preview • Corporation • Charter • Stockholders • Shares • Dividends • Board of Directors • Officers • Capital Stock • Proxy • Cooperative • Close Corporation • Open corporation • Prospectus • Joint venture • Virtual corporation • Limited liability co. • Non profit corporation • Quasi public corporation

  6. Objectives • Explain the basic features of a corporation. • Describe how a corporation is formed and organized. • List some of the major advantages and disadvantages of the corporate form of business. • Describe several specialized forms of business organizations.

  7. What are we really learning??

  8. BASIC FEATURESOF CORPORATIONS • Charter • Official document • Stockholders • Owners of a corporation. • Shares – equal parts. • Dividends – profits distributed • Directors • Ruling body of corporation (10-25) • Officers

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