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LegalCornerTM - Corporations F.A.Q.'s

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Q.Who owns a corporation?

A.The owners of the corporation are called shareholders. Unlike the owner of a sole proprietorship, the shareholders of a corporation do not directly run, operate, and manage the corporation. Instead, the shareholders influence corporate decision making indirectly by electing and removing directors. In a corporation, it is the directors who are responsible for managing the major business affairs of the corporation and for appointing and supervising the officers, who manage the day-to-day business affairs of the corporation.

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