While most health care organizations are
organized as tax exempt, there are a growing
number of for-profit corporations that maintain
publicly traded common stock.
a. Discuss the legal steps needed for a
business to become incorporated.
b. What type of steps may a corporation take
to control the issuance of common stock to
prevent a takeover of their business by an
unwelcome competitor?
c. What may a corporate board of directors
choose to do to reward its loyal common
stockholders with a valuable return on their
investment if they are unable to provide a
substantial cash dividend? Explain the accounting
transactions linked to that strategy.