What are the key differences between the potential life of a business that is formed as a sole proprietorship and that of a business set up as a corporation?
What are the most common types of firms that are organized as limited liability partnerships?
What advantages does a sole proprietorship offer?
What are major disadvantages of a sole proprietorship?
If a company wishes to limit the liability of some of its investing partners, what form of business might it consider? Explain briefly.
In order to form a corporation, what is the most important document required?
What is the difference between a shareholder and a stakeholder?
What group within a corporation has the primary responsibility for protecting the interests of shareholders?
What is corporate governance?
What role does a corporation’s board of directors play in corporate governance?
Briefly explain the concept of corporate governance.
What is the key component of agency theory, and why might this be more important to a public company than to one that is privately held?