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The Firm - Coggle Diagram
The Firm
Partnerships
Equal capital
Equal authority
Loses and profits
Responsibility for debts
Greater liability
Limited life
Corporations
Many owners
Rights and duties
Boards of directors
Advantages
Limited liability
Large amount of money
Bonds
.
Stocks
Difference
Ownership
Rate of return
Unlimited life
Disadvantages
Complex forms
Double taxation
Profits
Dividents
Small profit
Indirect control
Sole proprietorships
Advantages
Easy to organize
Quickly decisions
All profits
Disadvantages
Limited resources
Limited life
Failure
Personal property