BUSI 561 Chapter Notes - Chapter 18: Limited Liability Company, Capital Structure, Corporate Title
Document Summary
Corporation: an entity formed and authorized by state law to act as a single legal person and to raise capital by issuing stock to investors who are the owners of the corporations. Stock: the capital that a corporation raises through the sale of shares that entitle the shareholders to certain rights of ownership. Closely held corporation: a corporation whose stock is not traded on the national securities exchanges but is privately held by a small group of people. Publicly held corporation: a corporation whose stock is traded on at least one national securities exchange. Multinational (transnational) corporation: a corporation whose production, distribution, ownership, and management span several nations. Subchapter c corporation: a corporation that organizes and operates as a domestic business but for tax purposes is treated like a partnership. Professional corporation: a corporation organized by doctors, dentists, lawyers, accountants, or other professionals specified in state statutes. Bonds: long term loans secured by a lien or mortgage on corporate assets.
