The owners of a corporation are
A)Liable for its debts.
B)Those people who own the bonds issued by the corporation.
C)The shareholders of the corporation's stock.
D)The board of directors.

Question

Quizplus · Accepted Answer

The owners of a corporation are the shareholders who own the corporation's stock. They have a claim to the profits of the corporation and have the power to elect the board of directors, who are responsible for overseeing the management of the corporation. Shareholders are not personally liable for the corporation's debts beyond the amount of their investment in the stock.

The Owners of a Corporation Are