Introduction To Financial Management, Lecture Notes - Financial Management, Study notes for Financial Management. University of Michigan (MI)

Financial Management

Description: Forms of Businesses, Goals of the Corporation, Stock Prices and Intrinsic Value, Some Recent Trends, Conflicts Between Managers and Shareholders
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1-1
CHAPTER 1 - CONCISE
Introduction to Financial
Management
Forms of Businesses
Goals of the Corporation
Stock Prices and Intrinsic Value
Some Recent Trends
Conflicts Between Managers and
Shareholders
1-2
Alternative Forms of Business
Organization
Proprietorship
Partnership
Corporation
1-3
Proprietorships & Partnerships
Advantages
Ease of formation
Subject to few regulations
No corporate income taxes
Disadvantages
Difficult to raise capital
Unlimited liability
Limited life
1-4
Corporation
Advantages
Unlimited life
Easy transfer of ownership
Limited liability
Ease of raising capital
Disadvantages
Double taxation
Cost of set-up and report filing
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