Corporation Procedure Law Finance Accounting

Cover Corporation Procedure Law Finance Accounting
Corporation Procedure Law Finance Accounting
Thomas Conyngton
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II- liable brokers is an assured success. The corporation may at once proceed with whatever projects the fresh capital is designed to finance. There is no tedious and costly period of waiting dur- ing which the securities are in process of being sold. Many new enterprises are of such a nature that time is an important element in making them successful. If, for example, a new plant is being built in order to handle certain contracts, or if an effort is being made to forestall competition, it mig...ht be fatal to the project if progress must be delayed until securities were sold.
A second highly important advantage is that a sound under- writing assures success in raising the entire sum required. Fre- quently any amount less than the entire sum would be a burden rather than a source of strength to the corporation. For exam- ple, a company operating department stores intends to establish a new store on a large scale in another city. The stores previously owned are developed as far as can profitably be done.


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