Articles of incorparation
Vocabulary
Types of corporations
Advantages of Corporate Form
Types of Stock
100
is one the four things required in A.O.I?
Name,Number of Directors, Duration,Purpose,Incorporator info, Any other provisionWhat
100
What is shares of stock?
Ownership units
100
. What is a domestic corporation?
Charterred in a particular state
100
What is the advantage of limited liability?
You only loose what you invest !
100
What is a stock with face value printed onthe certificate?
Par value stock
200
Promoter
People who make the effort to form acorporation
200
What is a shareholder?
A peron who owns one or more shares of stock
200
What is a profit- making corporation?
a private corporation organized to produce a financial return to investments of the owners.
200
What is prepetual Life?
Ongoing exsistence
200
What is a stock when owners prefferd usually have no voting power?
Preffered stock
300
What are incorporators?
People who sighn the A.o.I
300
.What is Liquidation?
When all business assets are sold, debts are paid, corporation is done
300
What is a public service corporation also known as?
Public Utility
300
andWhat is an ability of corporate forms?
to attract large sums of moneyattention.
300
What is a stock with right to vote in elections?
common
400
Whats the difference between a promoter and incorporator?
One Signs the A.o.I and submits, the other tries to make a corporation.
400
What is a proxy?
power to vote shares of shareholders
400
What is a private corporation usually established by?
Indivuals
400
What is a major advantage of corporate form?
Ease of transferring interest!
400
What is the difference between par and non par stock?
Th other has no face value!
500
What is a corporate charte?
Certificate of approved A.o.I
500
Another name for shareholder
Stockholder
500
What is a public corporation established for?
governmental purpose
500
What is proffessional management?
Financial streghth ability to attract superior workers.
500
Preffered stock may be...
Cumulative
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