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A privately owned, for-revenue corporation is owned by its shareholders, who elect a board of directors to direct the corporation and hire its managerial personnel. A privately owned, for-revenue corporation is often possibly privately held by a small group of individuals, or publicly held, with publicly traded shares shown on the inventory Trade.
A vast business with or and not using a share cash: A hybrid entity, a business the place the liability of members or shareholders for your debts (if any) of the business usually are not confined. In this instance doctrine of the veil of incorporation will not implement.
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