FrontPage : Find your used scantron at the front. The Last Word: Guided Reading due Friday A Polish truck driver needed to move four vehicles to Belgium. As you can see, he devised an ingenious solution. He almost made it, but spoilsport police in the town of Krefeld, Germany stopped him.
FrontPage : Find your used scantron at the front. The Last Word: Guided Reading due Friday. A Polish truck driver needed to move four vehicles to Belgium. As you can see, he devised an ingenious solution. He almost made it, but spoilsport police in the town of Krefeld, Germany stopped him. - PowerPoint PPT Presentation
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FrontPage: Find your used scantron at the front.
The Last Word: Guided Reading due Friday
A Polish truck driver needed to move four vehicles to Belgium. As you can see, he devised an ingenious solution. He almost made it, but spoilsport police in the town
Sole Proprietorships• A business owned by one person, known as the
proprietor.– The biggest advantage is that the owner receives
all the profits and has full control of the business.– The biggest disadvantage is that the owner has
unlimited liability, which means the owner is personally responsible for all debts and damages from doing business.• Personal assets may be seized to pay off business
Corporate Structure• Register the corporation in the state where
it will headquartered.
• File the articles of incorporation – Includes
• Name, address and purpose of corporation; • Names, addresses of board of directors; • Number of shares of stock to be issued; • Amount of money capital to be raised through stock
Types of Stock• Common stock gives stockholders right to
vote and a percentage of future profits. • Preferred stock doesn’t give voting rights,
but guarantees a dividend and these stockholders have first claim on assets left over if corporation goes out of business.
• Stockholders then elect a board of directors who will supervise and control the corporation by hiring people to run the day-to-day operations of the business.