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Limited Liability, Perpetual Life, Transferability of Ownership, Capacity to Contract and Centralized Management

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What are the main reasons why corporation is separated from its owners?

The separation provides protection to the shareholders in the event corporation's liquidation. The shareholders are not liable more than the worth of their investments in the corporation.


What are the five characteristics of high quality information?

The five characteristics of high quality information are accuracy, completeness, consistency, uniqueness, and timeliness. The quality of information determines its usefulness.


An advantage of a corporation is that?

One of the main advantages of a corporation is that it is separate from its owners. Corporations also have the advantage of being able to exist if one or more owners quit or pass away. Corporations also have limited liability protection.


What's the main goal of a publicly-traded corporation?

The main goal of virtually every publicly-owned company has always been to maximize shareholder value by generating as much profit as possible


What is the main advantage of a corporation over a sole propriership?

The main advantage of a corporation over a sole proprietorship is limited liability protection for its owners, meaning that shareholders are typically not personally responsible for the corporation's debts and liabilities. This separation protects personal assets from business-related risks. Additionally, corporations often have greater access to capital through the issuance of stock, enhancing their ability to grow and invest in opportunities more easily than sole proprietorships.

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Main Street Capital Corporation (MAIN)had its IPO in 2007.


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The symbol for Main Street Capital Corporation in the NYSE is: MAIN.


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