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

This is just a demo map that you can delete right away, if you feel like it...

Advantages

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?

Governement

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

Managaement

Stockholders

Creditors

Labor

Clients

Government

Recession

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

How bad is the recession?

How much debt our country in now?

Disadvantages

More expensive to form than proprietorship or partnerships

More legal formality

More state and federal rules and regulations