Corporations - Research Article from Encyclopedia of Business and Finance

This encyclopedia article consists of approximately 8 pages of information about Corporations.
This section contains 2,243 words
(approx. 8 pages at 300 words per page)
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Rights and Privileges of a Corporation

Within legal guidelines, corporations may issue stock, declare dividends, and provide owners with limited liability.

Stocks A corporation can issue and attempt to sell stock. Every share of stock owned represents a share of the corporation's ownership.

From the standpoint of stock sale, there are two kinds of corporations: public and private. With a public corporation, anyone can buy shares of stock, which may very well be traded on a stock exchange. With a private corporation, however, sale of stock may be limited to stipulated persons, such as members of the principal stockholder's family.

A corporation can own "treasury stock"; that is, it may repurchase its own stock that it had previously issued and sold.

A corporation may even give its stock away for any reason; for example, as a donation to a charity, or as a reward to employees for industrious service...

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This section contains 2,243 words
(approx. 8 pages at 300 words per page)
Buy the Corporations Encyclopedia Article
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Encyclopedia of Business and Finance
Corporations from Encyclopedia of Business and Finance. Copyright © 2001-2006 by Macmillan Reference USA, an imprint of the Gale Group. All rights reserved.
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