UConn ECON 1202 - Business and Corporate Governance (3 pages)

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Business and Corporate Governance



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Business and Corporate Governance

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Lecture number:
10
Pages:
3
Type:
Lecture Note
School:
University Of Connecticut
Course:
Econ 1202 - Principles of Macroeconomics
Edition:
1

Unformatted text preview:

Econ 1202 1st Edition Lecture 10 Outline of Lecture 8 Price Controls continued Demand and Supply Application Taxes Business and Corporate Governance I Price Floors in Labor Markets II Minimum Wage III Policy Implications IV Impact of Qs Qd if prices are suppressed V Who is or should be subsidizing the low wage workers VI Types of Taxes VII Economic Effects VIII Types of Firms Outline of Lecture 9 Business and Corporate Governance continued I Who owns the business entity II Major Considerations of Organizational Form III Corporations Limited Liability Taxed Twice IV General Partnerships Unlimited Liability Taxed Once V Why is Ownership Important VI How is Production Organized VII Principle Agent Problem VIII Issues of Principal Agent Problem IX Corporate Governance Principle Agent Problem at the Top Level X How is the Principle Agent Problem Solved XI Sources of Funds for Large Companies XII Corporate Financial Capital Structure XIII Capital Financial Market Stock and Bond Markets Business and Corporate Governance continued I Who owns the business entity a The Owners of The Equity i Corporations Shareholders dividends II III IV V VI VII VIII ii Partnerships Partners distributions iii Limited Liability Companies Members distributions iv Sole Proprietorships Owners net income Major Considerations of Organizational Form a Limited vs Unlimited personal liability for owners b Taxation Pass Through Single vs Double c Organizational Flexibility Corporations Limited Liability Taxed Twice a Owners i Limited liability but corporate profits are taxed twice double taxation ii Corporate profits are taxed at the corporate level Corporate Tax and when net profits are paid out as dividends Individual Income Tax Special Dividend Tax Rate General Partnerships Unlimited Liability Taxed Once a Partnerships i General Partners have unlimited liability ii Subject to one tax Pass Through to individuals Why is Ownership Important a Owners receive the residual income from the organization



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