Characteristics and Advantages of Corporate form Flashcards Preview

A Wiley Review Notes REG > Characteristics and Advantages of Corporate form > Flashcards

Flashcards in Characteristics and Advantages of Corporate form Deck (3)
Loading flashcards...
1
Q

What are advantages of corporate form of business

A

1) continuous life and not terminated by death
2) Interest are easily transferable
3) Managers and shareholders have limited liability

2
Q

A corporation is a separate legal entity that

A

makes contracts in it’s own name with shareholders and third parties

3
Q

What are characteristics of a corporation

A

1) Managers don’t need to be shareholders

2) Can sue or be sued in it’s own name

Decks in A Wiley Review Notes REG Class (99):