A corporation is owned by:

Question

Quizplus · Accepted Answer

The stockholders are the owners of a corporation. They hold shares of stock in the company and have a claim on its profits and assets. The board of directors is responsible for managing the corporation and making decisions on behalf of the stockholders, but they are not the owners themselves. The president of the corporation is an employee of the company, not an owner. The individual who started the company may have owned it initially, but once it becomes a corporation, ownership is transferred to the stockholders.

A Corporation Is Owned By