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
Showing pages  1  -  4  of  17
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
The preview of this document ends here! Please or to read the full document or to download it.
Docsity is not optimized for the browser you're using. In order to have a better experience please switch to Google Chrome, Firefox, Internet Explorer 9+ or Safari! Download Google Chrome