Mindtap Introduction To Business Printed Access Card For Pride/hughes/kapoor's Foundations Of Business
4th Edition
ISBN: 9781285773520
Author: Pride/Hughes/Kapoor
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 4, Problem 9CC
Summary Introduction
To determine: The difference between a open corporation and closed corporation.
Introduction: A corporation is an authoritative type of business that is separate from its proprietors. It is a business that is a different legitimate element from its investors.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Define corporation, and what are the types of corporation? Describe each.
Please explain it to me clearly so that I can understamd it well, thank you
Discuss the consequences of incorporation of a company and elaborate on how different groups, such as shareholders, creditors and directors are affected.
Write down the advantages and disadvantages of a Regular Corporation, an S Corporation, and a Limited-Liability Company
Chapter 4 Solutions
Mindtap Introduction To Business Printed Access Card For Pride/hughes/kapoor's Foundations Of Business
Ch. 4 - Prob. 1CCCh. 4 - Prob. 2CCCh. 4 - Prob. 3CCCh. 4 - Prob. 4CCCh. 4 - Prob. 5CCCh. 4 - Prob. 6CCCh. 4 - Prob. 7CCCh. 4 - Prob. 8CCCh. 4 - Prob. 9CCCh. 4 - Prob. 10CC
Ch. 4 - Prob. 11CCCh. 4 - Prob. 12CCCh. 4 - Prob. 13CCCh. 4 - Prob. 14CCCh. 4 - Prob. 15CCCh. 4 - Prob. 16CCCh. 4 - Prob. 17CCCh. 4 - Prob. 18CCCh. 4 - Prob. 19CCCh. 4 - Prob. 20CCCh. 4 - Prob. 21CCCh. 4 - Prob. 22CCCh. 4 - Prob. 1DQCh. 4 - Prob. 2DQCh. 4 - Prob. 3DQCh. 4 - Prob. 4DQCh. 4 - Prob. 5DQ
Knowledge Booster
Similar questions
- Contrast the advantages and disadvantages of a partnership with those of a corporation.arrow_forwardWhat is a closely held corporation, and why do somecompanies choose this form of ownershiparrow_forwardhow is a limited partnership transferred or sold and how the ownership interests would be handled?arrow_forward
- The factor is the financial resources needed to start and expand a business. Decide whether this factor is a cost or benefit to a sole proprietor, a partnership and a corporation, and give a brief explanation for your answer. Sole proprietor: Partnership: Corporation:arrow_forwardAn S corporation is a hybrid entity that shares some characteristics with C corporations and some with partnerships. Discuss two characteristics that S corporations share with C corporations and two characteristics that S corporations share with partnerships.arrow_forwardEvery organization is formed into an entity of some sort, and is usually done to protect individuals from liabilities connected with business operations. If you were starting your own business, which entity formation would you use--sole proprietorship, partnership, LLC, or corporation? Why? Which entity formation would you never use? Why?arrow_forward
- Explain six major disadvantages of incorporating a business as a corporation.arrow_forwardExplain why general corporations have become the dominant form of the different types of business ownership.arrow_forwardSuppose a partnership is set up and operated without a formal partnership agreement. What problems might arise? Explainarrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning