Discuss the similarities and differences between a traditional corporation and a benefit corporation
Both types of corporations are incorporated under state law with a purpose to be profitable. Both submit annual reports to shareholders. Directors of both types of corporations have a responsibility to adequately consider shareholder financial interest and shareholders can bring a traditional action against directors for failing to do so.
Benefit corporations differ from traditional corporations in that they are intended to make a profit through conducting business in a "socially and environmentally responsible way.". B corporations focus on profit, people and planet. Unlike traditional corporations that are allowed to form for any lawful purpose, benefit corporations are required to have a purpose of "creating public benefit.".
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Adkins Bakery uses the modified half-month convention to calculate depreciation expense in the year an asset is purchased or sold. Adkins has a calendar year accounting period and uses the straight-line method to compute depreciation expense. On March 17, 2018, Adkins acquired equipment at a cost of $200,000. The equipment has a residual value of $45,000 and an estimated useful life of 3 years. What amount of depreciation expense will be recorded for the year ending December 31, 2018? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $51,667 B) $43,056 C) $38,750 D) $25,833
The difference between an inter vivos gift and a gift causa mortis is that the inter vivos gift is made during the donor's lifetime and a gift causa mortis is a gift is made after the donor's lifetime by the donor's estate
a. True b. False Indicate whether the statement is true or false
Before filing a registration statement, an issuer must offer to sell securities
a. True b. False Indicate whether the statement is true or false
Optimal capital structure "first" criteria suggests that RISK should be ________ and that the best way to obtain that is with ________ levels of debt and ________ levels of equity
A) high; high; low B) low; high; low C) low; low; high D) high; low; high