Corporations can be both government-owned or privately owned, and so they can manage both for revenue or as nonprofit organizations. A privately owned, for-profit corporation is owned by its shareholders, who elect a board of directors to direct the corporation and rent its managerial workers. A privately owned, for-profit company could be both privately held by a small group of people, or publicly held, with publicly traded shares listed on a inventory exchange.
- It can additionally be “any exercise or enterprise entered into for revenue.”
- The members assure the fee of certain quantities if the company goes into insolvent liquidation, but in any other case, they haven’t any financial rights in relation to the corporate.
- Currently, I am working in Toyota Boshoku Indonesia Company, as a stitching operator.
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