*Legal aspects of Business

11. Identify one way that "public" and "private corporations are different. 12. Presume you just graduated from Saint Mary's and want to start your own marketing business. Which form of business would be most suitable for your business? Why? 13. El Paso Inc hired Goldman Sachs Corp to advise it (El Paso Inc) whether to split into two companies or to sell the company (El Paso Inc) to Kinder Morgan Corp. Goldman Sachs Corp owns 20 per cent of the shares of Kinder Morgan Corp (worth about US$4 billion) and has two seats on its board. What is the problem with this situation? How would you recommend it be solved? 14. Explain how the types of shares of a cooperative support the aims, principles, and values of cooperatives? 15. What does it mean to say that a cooperative has a separate legal personality