FOUNDATIONS OF BUSINESS
6th Edition
ISBN: 9780357685594
Author: Pride
Publisher: CENGAGE L
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Question
Chapter 4.6C, Problem 2CC
Summary Introduction
To determine: The reasons on a regular (C) corporation different from a not-for-profit corporation.
Introduction: A not-for-profit corporation is an organization shaped to complete a charitable, instructive, religious, abstract or logical reason.
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How does a regular (C)corporation differ from a not-forprofit corporation?
Why would you choose Limited Liability Company as a business entity type ?
What are the classifications of a corporation?
Chapter 4 Solutions
FOUNDATIONS OF BUSINESS
Ch. 4.1B - Prob. 1CCCh. 4.1B - Prob. 2CCCh. 4.1B - Prob. 3CCCh. 4.2B - Prob. 1CCCh. 4.2B - Prob. 2CCCh. 4.2B - Prob. 3CCCh. 4.3C - Prob. 1CCCh. 4.3C - Prob. 2CCCh. 4.4B - Prob. 1CCCh. 4.4B - Prob. 2CC
Ch. 4.4B - Prob. 3CCCh. 4.4B - Prob. 4CCCh. 4.5B - Prob. 1CCCh. 4.5B - Prob. 2CCCh. 4.6C - Prob. 1CCCh. 4.6C - Prob. 2CCCh. 4.7B - Prob. 1CCCh. 4.7B - Prob. 2CCCh. 4.8C - Prob. 1CCCh. 4.8C - Prob. 2CCCh. 4.8C - Prob. 3CCCh. 4.8C - Prob. 4CCCh. 4 - Prob. 1DQCh. 4 - Prob. 2DQCh. 4 - Prob. 3DQCh. 4 - Prob. 4DQCh. 4 - Prob. 5DQCh. 4 - Prob. 6DQ
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- In your opinion, what are the main advantages and disadvantages of organizing a firm as a corporation? If you were starting a business, would you use this option and why?arrow_forwardWhat are the legal requirements and considerations for forming a business entity, such as a corporation or a partnership?arrow_forwardWhat is the role of the board of directors in a corporation?arrow_forward
- What are the main differences between private limited company and public limited company?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_forwardTo what extent do shareholders control the activities ofa corporation?arrow_forward
- Why would B Corporation be considered the most compelling form of, or approach to, business?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_forwardWrite down the advantages and disadvantages of a Regular Corporation, an S Corporation, and a Limited-Liability Companyarrow_forward
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