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Corporations Failing During the Recession by Mind Map: Corporations Failing During the
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Corporations Failing During the Recession

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Owners' personal assets are protected from business debt and liability

Corporations have unlimited life extending beyond the illness or death of the owners

Tax free benefits such as insurance, travel, and retirement plan deductions

Transfer of ownership facilitated by sale of stock.

Change of ownership need not affect management

Easier to raise capital through sale of stocks and bonds

Corporations should not be totally taken away but the ones that are failing should be.

Who ends up paying when a corporations fails?


Labor loses jobs.

Management losses jobs

Stockholders don't collect and may lose investment.

What are corporations?

Large Businesses

Limited liabilities

government owned

Many legal entities

Many taxes

Core Characteristics

Legal Personality

Transferable shares

centralized management

Shared ownership by contributor of capital.

Other involvement

Stake holders








How many corporations have needed the government to bail them out?

How bad is the recession?

How much debt our country in now?


More expensive to form than proprietorship or partnerships

More legal formality

More state and federal rules and regulations