You are the manager of a National Bank branch. Janis, a wealthy business person, who runs several
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You are the manager of a National Bank branch. Janis, a wealthy business person, who runs several successful restaurants in town, has asked for a loan to support a new business venture. She wants to incorporate a new corporation to carry on a business selling gelato from a kiosk at a local skating rink. She wants the bank to lend the corporation $20 000 to cover the start-up costs. What concerns would you have about this loan to the corporation and how might they be addressed in light of what we have discussed in this chapter?
CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Managing the Law The Legal Aspects of Doing Business
ISBN: 978-0132164429
4th edition
Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer
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