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The Firm and Its Environment, png-transparent-building-company-sticker,…
The Firm and Its Environment
corporation
advantages
large amounts of money
unlimited duration of existence
limited liability
disadvantages
the profit share is small
no business control
individual entrepreneurship
disadvantages
limited resources
limited funds
advantages
quick decision
the owners take all the profits
easy to organize
public company
Great Britain
sale of shares
open stock exchange
USA
Articles of association
Memorandum of Association
Securities and Exchange Commission
partnerships
equal authority in management
the owners share the profits
equal capital
