FIN 432

Old Dominion University

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FIN 432Ch 01 - Overview of financial management

FIN 432Ch 01 - Overview of financial management
Summary • 7 pages • 2022

The basic concepts of financial management are the same for all businesses, regardless of how they are organized. However, a firm's legal structure affects its operations. The main forms of business organizations are: (1) proprietorships, (2) partnerships, (3) corporations, and (4) limited liability companies (LLCs) and limited liability partnerships (LLPs). In terms of numbers, most businesses are . However, based on the dollar value of sales, most business is done by . Businesses are f...