SMG SM 131 Study Guide - Fall 2018, Comprehensive Midterm Notes -

218 views19 pages
Published on 12 Oct 2018
School
Boston University
Department
School of Management
Course
SMG SM 131
SMG SM 131
MIDTERM EXAM
STUDY GUIDE
Fall 2018
Unlock document

This preview shows pages 1-3 of the document.
Unlock all 19 pages and 3 million more documents.

Already have an account? Log in
Unlock document

This preview shows pages 1-3 of the document.
Unlock all 19 pages and 3 million more documents.

Already have an account? Log in
Lectue 
Thigs to coside he decidig busiess fos
Ease of foatio/aiteace
Abilit to aise oe
Ta teatet
Liabilit potectio
Ipact o societ ad the eioet
Coeed fo pofit busiess fos
Sole popietoship
A busiess oed ad usuall aaged b oe peso
% of all busiesses
Geeal pateship
Liited liabilit copa
Coetio copoatio C copoatio
S copoatio
B copoatio
Social Beefit Copoatio
Copoatios ae % of busiesses
Beefits of sole popietoship
Ease of statig ad edig the busiess
Beig ou o boss
Pide of oeship
Leaig a legac
Retetio of copa pofit
No special taes
Disadatages of sole popietoships
Uliited liabilit-a debts o daages icued b the busiess ae
ou debts ee if it eas sellig ou hoe, ca, etc
Liited fiacial esouces
Maageet difficulties
Oehelig tie coitet
Fe fige beefits
Liited goth
Liited life spa
Adatages of geeal pateships
Moe fiacial esouces
Shaed aageet ad pooled/copleeta skills ad koledge
Loge suial
find more resources at oneclass.com
find more resources at oneclass.com
Unlock document

This preview shows pages 1-3 of the document.
Unlock all 19 pages and 3 million more documents.

Already have an account? Log in
No special taes
Disadatages of geeal pateships
Uliited liabilit
Diisio of pofits
Disageeets aog pates
Difficult to teiate
Liited liabilit copaies BEST OPTION
Adatages
Liited liabilit
Choice of taatio-file idiidual taes
Fleible oeship ules
Fleible distibutio of pofits ad losses
Opeatig fleibilit
Disadatages
No stock, oeship is ot tasfeable
Liited life spa
Fee iceties
Papeok
Coetioal copoatios
Coetioal C copoatio-a state chateed legal etit ith
authoit to act ad hae liabilit sepaate fo its oes ad
stockholdes
qo copoatios aise oe though stocks
Stocks-shaes of oeship of copa
Stock cetificate-eidece of stock oeship
Diideds-pat of a fi’s pofits that the fi a distibute to
stockholdes as eithe cash o additioal shaes
To classes of stock
Coo stock-the ost basic fo; holdes hae the right to vote fo
the boad diectos ad shae i the pofits if diideds ae appoed
Pefeed stock-oes ae gie pefeece i the paet of copa
diideds befoe coo stock diideds ae distibuted. Pefeed
stockholdes do ot hae the ight to ote
qo oes affect aageet
oes/stockholde→ boad of diectos→ offices→
aages-->eploees
Adatages of copoatios
Liited liabilit
find more resources at oneclass.com
find more resources at oneclass.com
Unlock document

This preview shows pages 1-3 of the document.
Unlock all 19 pages and 3 million more documents.

Already have an account? Log in

Document Summary

Thi(cid:290)gs to co(cid:290)side(cid:325) (cid:363)he(cid:290) decidi(cid:290)g busi(cid:290)ess fo(cid:325)(cid:289)s. A busi(cid:290)ess o(cid:363)(cid:290)ed a(cid:290)d usuall(cid:369) (cid:289)a(cid:290)aged b(cid:369) o(cid:290)e pe(cid:325)so(cid:290) Ease of sta(cid:325)ti(cid:290)g a(cid:290)d e(cid:290)di(cid:290)g the busi(cid:290)ess. U(cid:290)li(cid:289)ited liabilit(cid:369)-a(cid:290)(cid:369) debts o(cid:325) da(cid:289)ages i(cid:290)cu(cid:325)(cid:325)ed b(cid:369) the busi(cid:290)ess a(cid:325)e (cid:369)ou(cid:325) debts e(cid:362)e(cid:290) if it (cid:289)ea(cid:290)s selli(cid:290)g (cid:369)ou(cid:325) ho(cid:289)e, ca(cid:325), etc. Sha(cid:325)ed (cid:289)a(cid:290)age(cid:289)e(cid:290)t a(cid:290)d pooled/co(cid:289)ple(cid:289)e(cid:290)ta(cid:325)(cid:369) skills a(cid:290)d k(cid:290)o(cid:363)ledge. Co(cid:290)(cid:362)e(cid:290)tio(cid:290)al (cid:883)c(cid:884) co(cid:325)po(cid:325)atio(cid:290)-a state cha(cid:325)te(cid:325)ed legal e(cid:290)tit(cid:369) (cid:363)ith autho(cid:325)it(cid:369) to act a(cid:290)d ha(cid:362)e liabilit(cid:369) sepa(cid:325)ate f(cid:325)o(cid:289) its o(cid:363)(cid:290)e(cid:325)s a(cid:290)d stockholde(cid:325)s. Di(cid:362)ide(cid:290)ds-pa(cid:325)t of a fi(cid:325)(cid:289)"s p(cid:325)ofits that the fi(cid:325)(cid:289) (cid:289)a(cid:369) dist(cid:325)ibute to stockholde(cid:325)s as eithe(cid:325) cash o(cid:325) additio(cid:290)al sha(cid:325)es. Fo(cid:325) the boa(cid:325)d di(cid:325)ecto(cid:325)s a(cid:290)d sha(cid:325)e i(cid:290) the p(cid:325)ofits if di(cid:362)ide(cid:290)ds a(cid:325)e app(cid:325)o(cid:362)ed. Co(cid:289)(cid:289)o(cid:290) stock-the (cid:289)ost basic fo(cid:325)(cid:289); holde(cid:325)s ha(cid:362)e the right to vote . P(cid:325)efe(cid:325)(cid:325)ed stock-o(cid:363)(cid:290)e(cid:325)s a(cid:325)e gi(cid:362)e(cid:290) p(cid:325)efe(cid:325)e(cid:290)ce i(cid:290) the pa(cid:369)(cid:289)e(cid:290)t of co(cid:289)pa(cid:290)(cid:369) di(cid:362)ide(cid:290)ds befo(cid:325)e co(cid:289)(cid:289)o(cid:290) stock di(cid:362)ide(cid:290)ds a(cid:325)e dist(cid:325)ibuted. P(cid:325)efe(cid:325)(cid:325)ed stockholde(cid:325)s do (cid:290)ot ha(cid:362)e the (cid:325)ight to (cid:362)ote. Abilit(cid:369) to (cid:325)aise (cid:289)o(cid:290)e(cid:369) f(cid:325)o(cid:289) sha(cid:325)eholde(cid:325)s (cid:363)ho a(cid:325)e o(cid:363)(cid:290)e(cid:325)s of the fi(cid:325)(cid:289) a(cid:290)d do(cid:290)"t ha(cid:362)e to be (cid:325)epaid.

Get OneClass Grade+

Unlimited access to all notes and study guides.

YearlyMost Popular
75% OFF
$9.98/m
Monthly
$39.98/m
Single doc
$39.98

or

You will be charged $119.76 upfront and auto renewed at the end of each cycle. You may cancel anytime under Payment Settings. For more information, see our Terms and Privacy.
Payments are encrypted using 256-bit SSL. Powered by Stripe.