Econ

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  • That's a great idea!! If you need any help let me know.
  • Hey guys! I'm thinking about starting a corporation. What do you guys think?
  • Did you stop and think about how many disadvantages there is in a corporation? You're crazy.
  • Do you know that a corporation is a legal enity owned by individual stock holders?
  • Stop being so negative!!!
  • Yes but first of all, there is a double taxation on corporation's that are trying to start up...
  • Yeah so? That's not so bad I can handle that.
  • That's not all. They're also expensive and difficult to start up. And they must first get a license known as a certificate of incorporation.
  • okay... well I'm sure they're some advantages
  • Well here on Google it says that corporations have more potential for growth than others. Also, they have an advantage with long life because the company doesn't die with the death of an owner because stock is transferable
  • I guess..
  • See..those are great advantages
  • There's another one. Corporations can raise money by borrowing it. They can do this by selling bonds.
  • Haha. Good luck!
  • Okay, I think I'm going to open a corporation. What should I call it?
  • Hm..I'm not sure lets go to lunch and talk about it i'm starving!
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