1
Securities and Antitrust Laws
Bachelor of Science in Business Management, Grand Canyon University
BUS-340: Ethical and Legal Issues in Business
2
Business Information
Brax Trucking Business moves goods and materials using trucks. This service is essential
for the economy because it ensures products are delivered on time and efficiently across different
industries. The main goal of a trucking business is to make money by providing transportation
services. It connects businesses and consumers by taking goods from manufacturers to retailers
or directly to customers. This trucking company chooses to operate as C corporation. Its structure
protects the owners' personal assets from business debts and lawsuits. In terms of taxes, C
corporations are separate legal entities that pay corporate income tax on their profits (Internal
Revenue Service, 2024). After the corporation pays taxes, shareholders must pay taxes on any
dividends they receive, which can result in double taxation (Internal Revenue Service, 2024). C
corporations can issue both common and preferred stock (Columbia Law School, 2023).
Common stock gives ownership in the company and voting rights to shareholders (Columbia
Law School, 2023). Preferred stock offers fixed dividends and priority over common stock in
case of liquidation (Columbia Law School, 2023). Trucking companies can raise money by
issuing stock, which helps them expand operations or invest in new equipment.
Securities and Antitrust Laws
Bachelor of Science in Business Management, Grand Canyon University
BUS-340: Ethical and Legal Issues in Business
2
Business Information
Brax Trucking Business moves goods and materials using trucks. This service is essential
for the economy because it ensures products are delivered on time and efficiently across different
industries. The main goal of a trucking business is to make money by providing transportation
services. It connects businesses and consumers by taking goods from manufacturers to retailers
or directly to customers. This trucking company chooses to operate as C corporation. Its structure
protects the owners' personal assets from business debts and lawsuits. In terms of taxes, C
corporations are separate legal entities that pay corporate income tax on their profits (Internal
Revenue Service, 2024). After the corporation pays taxes, shareholders must pay taxes on any
dividends they receive, which can result in double taxation (Internal Revenue Service, 2024). C
corporations can issue both common and preferred stock (Columbia Law School, 2023).
Common stock gives ownership in the company and voting rights to shareholders (Columbia
Law School, 2023). Preferred stock offers fixed dividends and priority over common stock in
case of liquidation (Columbia Law School, 2023). Trucking companies can raise money by
issuing stock, which helps them expand operations or invest in new equipment.
