Corporations
What type of business is taxed as though it were a partnership?
S Corporation
What is a person who assumes full or shared responsibility for operating a business?
What is a general partner?
What is a corporation whose stock is owned by relatively few people and is not sold to the general public?
What is a closed corporation?
What is a vertical merger?
How are C corporations taxed?
What is double taxation. Shareholder dividends and corporate income.
What is:
1. Ease of startup. 2. Availability of Captial and Credit. 3. Personal Interest 4. Combined Business Skills and Knowledge. 5. Retention of Profits. 6 No Special Taxes
What is stock owned by individuals or firms who may vote on corporate matters but whose claims on profits and assets are subordinate to the claims of others?
What is common stock?
What is a conglomerate merger?
What is a merger that takes place between firms in completely different industries?
What are three criteria that an S corporation must meet?
Multiple Answers
When a business continues beyond the life of an owner?
What is perpetual life.
Where each partner is legally responsible for taxes, debt, and actions of any other partner conducting the business?
What is unlimited liability?
What is the top governing body of a corporation the members of which are elected by the stockholders?
What is a board of directors?
What is an agreement between two or more groups to form a business entity in order to achieve a specific goal?
What is a joint venture?
How are LLC corporations taxed?
Owners take on the personal income from the business and gets taxed once.
What type of business has the least amount of IRS tax regulations?
LLC
What is a frozen Investment?
What is money owned by both parties and both have to agree to pull money out of the company.
What is a temporary association of individuals or firms organized to perform a specific task that requires large amount of capital?
What is a syndicate?
What type of financing method is required to borrow money to pay for the company that is being taken over?
What is a leveraged buyout?
What are LLCs?
What is a corporation chartered by a foreign government and conducting business in the United States?
What is an alien corporation?
What is lack of Continuity?
What is, where a business dissolves once an individual deceases.
What is a situation in which the management and board of directors of a firm targeted for acquisition disapprove of the merger?
What is a hostile takeover?
What are three ways companies can grown from within?
Multiple Answers.
Name the reasons businesses may want to form a not-for-profit along side of their business?
Multiple Answers.