Corporate finance is important to all managers because it provides the skills managers need to identify and select the corporate strategies and individual projects that add value to their firm, forecast the funding requirements of their company, and to devise strategies for acquiring those funds. 1. Why is corporate finance important to all managers? 2. Describe the ownership types a company might have as it evolves from a start- up to a major corporation. List the advantages and disadvantages of each form. 3. What are some of the less common forms of business ownership and what are the advantages of using them?