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Of the STOCKHOLDERS of  Form

Of the STOCKHOLDERS of Form

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hi there so we are now going to move on to chapter 10 hopefully you enjoyed your last exam and these are the last three chapters of our books so yay for that this is the chapter where we talk about stockholders equity which is basically rounding out the balance sheet we've talked a great length about assets liabilities and now this is that last section of the stockholders equity so the assets are what we owned the liabilities are what we owed and then the rest is the equity section so let's go ahead and move on and we're going to talk about what happens when a company becomes a quote unquote corporation which is a different kind of a holding than a partnership or an LLC or a sole proprietor so there are certain unique elements of a corporation one of them is the Articles of Incorporation this is called the corporate charter and these are all of the legal descriptions and specifications of the company it describes its purpose place and all the other good details

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