3 ms·
Pedantic: A corporation is controlled by its shareholders. Other forms of ownership can be sole proprietorships, partnerships, professional associations, etc.
by qzw 3y ago
Pedantic: A corporation is controlled by its shareholders. Other forms of ownership can be sole proprietorships, partnerships, professional associations, etc.
- abduhl 3y agoPedantic: a corporation is controlled by its Board of Directors. Shareholders ostensibly elect the directors but they do not control them.
- mminer237 3y agoI wouldn't call a sole proprietorships a company. Professional associations are still controlled by their shareholders. You can substitute "partners" for partnerships and "members" for LLCs since they're essentially all the same thing.