Stocks?

January 7th, 2010 | by admin |
stocks
FeEdMeJuNkFoOd asked:


I have 2 questions:

1. what is the difference between common stocks and preferred stocks?

2. If you were to start a business of your own, would you organize it as a sole proprietorship, a partnership, a corporation, or a nonprofit organization and why?

Kathy

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    1. One Response to “Stocks?”

    2. By teehee on Jan 10, 2010 | Reply

      1. Preferred stocks get priority if the company is liquidated. For other differences — do a search online!
      2. The structure of a business would depend on what the business is doing. While the first three can apply to almost anything, something that’s a non-profit is not likely to be in the same line of business as a for-profit. The different types generally provide different (if any) legal protection. Do a search!

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