Part 1Read: Principles of Accounting, Chapter 14: Corporate Equity Accounting: http://www.principlesofaccounting.com/chapter-14/ You own and operate a small store. Currently, you are a single proprie

Description

Terms

Advantage /  disadvantage

The ability of a company to raise capital by issuing shares to the public.

Ability of an existing shareholder to sell shares without corporate approval

The ability of the government to tax corporate earnings and dividends.

Periodic regulatory filings

The ability of different individuals to pool resources

The inability of creditors to pursue individual shareholders

The life of the entity can exceed the life of the shareholders