GoalsandGovernanceoftheCorporationThischapterintroducesthecorporation,itsgoals,:???Appledecidestospend$$?Corporation-:orporationsPrivateCorporations6BenefitsoftheCorporationLimitedliabilityInfinitelifespanEaseofraisingcapital7DrawbacksoftheCorporationCorporationsfacetheproblemofdoubletaxationImpropercorporatestructuresmayleadto“AgencyProblems”:Pitfall:Profitsfromwhichperiod?Pitfall:hicalbehavior?Recentexamples:BernardMadoff10
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