Agriculture Reference
In-Depth Information
5. Outline the reasons why a corporation may be referred to as an “artifi cial person,” and
discuss why corporations suffer from “double taxation” on their profi ts.
6. Discuss some of the advantages and disadvantages of the corporate form of business.
7. How does an agricultural cooperative benefi t its member owners (i.e., what is the
economic basis of their advantage over other types of businesses)?
8. Cooperatives are “member-owned, member-controlled.” How does this unique struc-
ture differ from non-cooperative corporations and what advantages and/or disadvan-
tages does this allow?
9. How does a Limited Liability Company (LLC) differ from a partnership and a corpora-
tion, and what advantages do these characteristics provide?
10. Why would a fi rm consider entering into a strategic alliance?
References and additional reading
