what is the main advantage they gain by selecting a corporate form of business now 551033
Organizing a corporation and issuing stock
Jay and Mike are opening a paint store. There are no competing paint stores in the area. Their fundamental decision is how to organize the business. They anticipate profits of $300,000 the first year, with the ability to sell franchises in the future. Although they have enough to start the business now as a partnership, cash flow will be an issue as they grow. They feel the corporate form of operation will be best for the long term. They seek your advice.
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what is the main advantage they gain by selecting a corporate form of business now 551033
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Requirements
1.What is the main advantage they gain by selecting a corporate form of business now?
2.Would you recommend they initially issue preferred or common stock? Why?
3.If they decide to issue $2 par common stock and anticipate an initial market price of $30 per share, how many shares will they need to issue to raise $1,800,000?
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