Management and Organizational Studies 2275A/B Lecture 6: Chapter 15

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Cristin Keller

Document Summary

The previous chapter introduced the corporate form for purposes of comparison with other business forms. Chapter 15 and chapter 16 provide a detailed examination of issues related to various aspects of the organization and operation of a corporation. Both chapters are designed to include coverage that is particularly relevant to students majoring or concentrating in accountancy or finance. 15 provides an account of the issues involved in the formation of a corporation. In particular, the chapter examines pre-incorporation issues such as whether to incorporate federally or provincially, the incorporation process and the capitalization of the corporation. The last section deals with the regulation of securities. Focus is on helping students understand and appreciate that the most dramatic consequence of incorporation is the creation of a new legal person, separate from its shareholders. Understand how a corporation is a legal person. Understand the distinction between federal and provincial incorporation. Understand the share structure of a corporation.