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Chapter 11
Corporation
Advantages of corporation
Limited liability.
Higher profits.
Etc.
Disadvantages of Corporation
Double taxation.
Promotion of frauds.
Lack of secrecy.
1. Common Stock:
Voting Right
Limited Liability.
Residual Claim
Preemptive Rights
Unlimited life.
2. Preferred Stock:
Preference in dividends.
Fixed dividends
Non-voting Rights
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