BUSI 2601 Study Guide - Justin Bieber, Snoring, Mens Rea
Document Summary
Chapters 15 & 16 corporation and business process. Corporation: predominant business vehicle in modern commerce because it is a separate legal entity. If adam decides to run his computer business as a sole proprietorship, he is gambling his personal assets if the venture fails. However, if he decides to run as a corporation, the same business, none of the assets are at risk. When things go bad, you don"t know what"s going on : exit strategies jim balsillie sold all his blackberry shares: 100% cashing out of. You can restart with the money: you have to plan for things to go wrong (exit strategy) so that you are protected, best way to get married is to prepare for your divorce. People in business are very mean, they"ll dump you if they find something better. The only thins a corporation cannot do is have relationship with kids (adoption), get married, and have an estate.
