Describe the primary advantages of a corporation

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Reference no: EM131522008

Question: 1. Describe the primary advantages and disadvantages of a corporation.

2. Explain how an LLC or an S corporation represents the "best of both worlds" in terms of business ownership.

3. Explain the difference between authorized, issued, and outstanding shares.

4. The articles of incorporation allow for the issuance of 1 million shares of common stock. During its first year, California Clothing issued 100,000 shares and reacquired 10,000 shares it held as treasury stock. At the end of the first year, how many shares are authorized, issued, and outstanding?

Reference no: EM131522008

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