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SECTION 8-2 The Corporation. What is a corporation? A corporation is a business organization that operates as a legal entity that is separate from its.

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Presentation on theme: "SECTION 8-2 The Corporation. What is a corporation? A corporation is a business organization that operates as a legal entity that is separate from its."— Presentation transcript:

1 SECTION 8-2 The Corporation

2 What is a corporation? A corporation is a business organization that operates as a legal entity that is separate from its owners and is treated by law as if it were an individual person. Can sue or be sued 20 % of all business are corporations

3 Starting a Corporation

4 Issuing Stock

5 Advantages of the Corporation

6 Disadvantages of a Corporation

7 Franchise Not a form of business ownership A franchise is a contractual agreement to sell a company’s products or serviced in a designated geographic area McDonald’s, Subway, Taco Bell, Red Lobster

8 Which form of business ownership is best? Choose the one that best fits your need. Often, corporations start out as a sole proprietorship or partnership.

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