What is an S-Corporation?

Question
Your textbook discusses several types of corporations, explain the difference between the following types of corporations: Public, Private, For-Profit, Non-Profit.

2. What is an S-Corporation? What are the advantages/disadvantages of an S-Corporation versus a traditional C-Corporation, Limited Liability Company, or Partnership?

3a. According to the textbook, what information must be present in a corporation’s Articles of Incorporation?

3b. Ohio Corporations are subject to Section 1701 of the Ohio Revised Code. What information does the Ohio Revised Code require be present in an Ohio corporation’s Articles of Incorporation? Get more information here: http://codes.ohio.gov/orc/1701

4. Directors and Officers of a corporation must uphold a Duty of Care and a Duty of Loyalty.

4a.Explain what each of those duties entails?

4b. Why are those duties necessary?

4c. Who do the Directors and Officers owe such duties to?

5. Explain the following and give a definition of each: Merger, Consolidation, Tender Offer, Takeover, Leveraged buyout.

6. The AOL – Time Warner Merger in 2000 was one of the largest and most famous takeovers in corporate history. Most people in the corporate world look back on the deal and think that it was a poor decision. Read the following article and explain why so many people in the business world think it was a poor choice. http://www.bloombergview.com/articles/2015-01-14/lessons-from-the-aoltime-warner-disaster

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