Financial Management Chapter - 1

: Identifying and selecting long-term investments and "productive assets" (like new machinery or facilities) that the firm should acquire to generate future cash flows.

| Feature | Sole Proprietorship | Partnership | Corporation (C-Corp) | | :--- | :--- | :--- | :--- | | | Unlimited | Unlimited | Limited | | Taxation | Personal (Pass-through) | Personal (Pass-through) | Double Taxation* | | Capital Raising | Very Hard | Medium | Very Easy | | Life | Limited to owner | Limited to partners | Perpetual | financial management chapter 1