- Study guides, Class notes & Summaries

orporation - A legal entity, distinct and separate from the individuals who create and operate the business. Stock - Shares of ownership of a corporation. Shareholders - Individuals or entities who own the stock of the corporation. Public corporations - Corporations whose shares of stock are traded in public markets. Private corporations - Corporations whose stock is not traded publicly and are usually owned by a small group of investors. Limited liability - Creditors may not go beyond the...