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Langara College (1,809)
FMGT 1116 (41)
E.Hamer (38)
Lecture

Corporations.docx

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Department
Financial Management
Course
FMGT 1116
Professor
E.Hamer
Semester
Summer

Description
Corporations  Shareholders have limited liability (if company is in debt, you are not personally liable) o Case: Soloman & Sons: corporate veil” Situations where the courts have ignored the corporate veil:  When more than one company are used to run a single business in order to use the lower tax rate on the first $400,000 of income per year more than once. Affiliated companies can only use lower rate once  Agency exception (describe on exam)  Fraud Private vs. Public Companies Compared:  Raising Capital  Liquidity  Duties of Disclosure (to public)  Pu
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