Corporations Free Essay, Term Paper and Book Report
Choosing the form of business organization structure is an important decision because it can be critical to the success or the failure of the business. Things that can be taken into consideration in choosing the type of business: your objectives in setting up the business organization, the amount of capital used up to set the business organization, level of control you wish to have, level of "structure" you are willing to deal with, the business's vulnerability to lawsuits, tax implications of the different ownership structures, expected profit (or loss) of the business. In 1819, Chief Justice Marshall of the United States Supreme court said: A corporation is an artificial being, invisible, intangible, and existing only in contemplation of the law." In the Websters College Dictionary corporation is defined as "an association of individuals, created by law and having an existence apart from that of its members as well as distinct and inherent powers and liabilities." (Merriam-Webster Online Dictionary)
A corporation is divided into many units called shares of stock owned by stoc......
Word Count: 810
Page Count: 3.2 (250 words a page / double spaced)
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