Rita and Susan want to form and do business as Trips & Travel Agency,Inc. They will serve as the firm's directors and officers,and will initially hold all of the stock in the company. A corporation is owned by

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A corporation is owned by its shareholders, who hold stock in the company. The board of directors may make major business decisions, and the officers may manage the day-to-day operations, but ultimate ownership and control rests with the shareholders. In this case, Rita and Susan initially hold all of the stock in Trips & Travel Agency, Inc.

Rita and Susan Want to Form and Do Business as Trips