Rank
Who owns the corporation?
stockholders/shareholders
Name one advantage to owning a corporation.
Easy ownership transfer. Limited liability for stockholders. Ability to raise funds. No life limit. Easy ownership transfer. Tax-deductible expenses. alluring to investors and employees. Clear structure
Name one disadvantage to owning a corporation.
Complex and costly set up, etc...
Name 2 roles of a corporation
Stockholders and Board of directors
why is easy ownertransfership such an advantage while owning a corporation
when or if you die the ownership role can be passed on
What is the one of main disadvantage of owning a corporation
double taxes (BOO TAXES)
What's the lowest rank of a corporation
employees
What's one of the main advantage of owning a corporation
Limited liability etc...
why is Limited control over shareholders such a major flaw/disadvantage
the stockholders keep the corporation afloat and their money is very valuable
Name one rank higher than the employee but lower than stockholder and department heads
Vice president of ___
Are CEOs higher rank than stockholders?
no no they are not