Corporations Failing During the Recession

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

1. Advantages

1.1. Owners' personal assets are protected from business debt and liability

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

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

1.4. Transfer of ownership facilitated by sale of stock.

1.5. Change of ownership need not affect management

1.6. Easier to raise capital through sale of stocks and bonds

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

2.1. Who ends up paying when a corporations fails?

2.1.1. Governement

2.1.2. Labor loses jobs.

2.1.3. Management losses jobs

2.1.4. Stockholders don't collect and may lose investment.

3. What are corporations?

3.1. Large Businesses

3.2. Limited liabilities

3.3. government owned

3.4. Many legal entities

3.5. Many taxes

4. Core Characteristics

4.1. Legal Personality

4.2. Transferable shares

4.3. centralized management

4.4. Shared ownership by contributor of capital.

5. Other involvement

5.1. Stake holders

5.1.1. Managaement

5.1.2. Stockholders

5.1.3. Creditors

5.1.4. Labor

5.1.5. Clients

5.2. Government

6. Recession

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

6.2. How bad is the recession?

6.3. How much debt our country in now?

7. Disadvantages

7.1. More expensive to form than proprietorship or partnerships

7.2. More legal formality

7.3. More state and federal rules and regulations