I have 2 questions:
1. what is the difference between common stocks and preferred stocks?
2. If you were to start a business of your own, would you organize it as a sole proprietorship, a partnership, a corporation, or a nonprofit organization and why?
1. Preferred stocks get priority if the company is liquidated. For other differences — do a search online!
2. The structure of a business would depend on what the business is doing. While the first three can apply to almost anything, something that’s a non-profit is not likely to be in the same line of business as a for-profit. The different types generally provide different (if any) legal protection. Do a search!
June 30th, 2009 at 7:46 pm