BA101, Last Class Before Midterm Notes!
BA101, Last Class Before Midterm Notes! BA 101
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This 1 page Class Notes was uploaded by Emma Cochrane on Sunday March 6, 2016. The Class Notes belongs to BA 101 at University of Oregon taught by Engel S in Fall 2015. Since its upload, it has received 53 views. For similar materials see Intro To Business in Business at University of Oregon.
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Date Created: 03/06/16
Forms of Business Organization Business Entity Options: Sole Proprietorship Easy, quick, simple, aﬀordable Full control with minimal administration Adaptable The Challenges: Risk and personal exposure Credibility Raising additional capital Partnership General Partnerships Mutual agency Unlimited liability Share risk/wealth equally Limited Partnerships No mutual agency Provision for limited liability for some Do not share the risk/wealth equally Preparing for Partnership The partnership agreement The “buy-sell” clause Corporation Corporate Regulations: A corporation is a separate entity: there is no single individual that is responsible and that makes the government nervous. Securities and Exchange Commission (SEC) Sale of stock/ﬁnancial reporting Full discloser Due diligence Types of Corporations: Domestic Corporations: Operate in state which it is incorporated Foreign Corporations: Operate in states other than their state of incorporation Alien Corporations: Are organized in one country and operate in another country Limited Liability Company (LLC): Limited liability is like a corporation, taxed like a partnership, not limited to a number of shareholders. Types of Stock: Common Stock: voting rights (proxy) residual claims to assets Preferred Stock: no vote ﬁrst claim on income ﬁrst claim on assets after debt Mergers and Acquisitions: Merger: two companies form into one company Acquisition: one ﬁrm buys another Horizontal: two in the same industry Vertical: distribution channels: suppliers/distributors Conglomerate: unrelated business
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