A) What do you give up as an owner of a proprietorship or partnership to become a corporation?

B) What does it mean to you as an owner to have limited or unlimited liability?

C) How does a corporation differ when a stockholder or manager dies compared to when a manager or owner of a proprietorship dies?

D) How is ownership of a proprietorship transferred relative to a corporation? How is ownership transferred in each type or organization?

E) Who is the employer in cast of a lawsuit from tort liability in a proprietorship? In a corporation?

F) To become incorporated the incorporators file the ___________of _____________.

G) Do corporations get a charter from the states or the federal government?

H) What are the written rules created by the board of directors that govern a

corporation?