A business organization that is owned by many is a corporation.
A corporation is an business enterprise—commonly a set of human beings or a organization—authorized by the country to behave as a unmarried entity and identified as such in law for positive functions. Early integrated entities were hooked up with the aid of constitution. maximum jurisdictions now allow the advent of latest corporations via registration.
Is a corporation a agency?
An organization is a form of commercial enterprise business enterprise that doubles as a separate legal entity from its proprietors. All organizations are corporations, however now not all corporations are necessarily companies.
who're the proprietors of a employer?
The owners of a corporation are shareholders (additionally called stockholders) who gain interest in the enterprise by way of purchasing stocks of inventory. Shareholders choose a board of administrators, who're responsible for coping with the organization.
realize the sorts of groups:
There are 4 well known kinds of agencies in the united states: a sole proprietorship, a confined liability company (LLC), an S-organization (S-Corp), and a C-employer (C-Corp).
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