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Registered corporations have legal personality and their shares are owned by shareholders[2][3] whose liability is generally limited to their investment. Shareholders do not typically actively manage a corporation; shareholders instead elect or appoint a board of directors to control the corporation in a fiduciary capacity. In most circumstances, a shareholder may also serve as a …

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There is some overlap between stock/non-stock and for-profit/not-for-profit in that not-for-profit corporations are always non-stock as well. A for-profit corporation is almost always a stock corporation, but some for-profit corporations may choose to be non-stock. To simplify the explanation, whenever “stockholder” or “shareholder” is used in the rest of this article to refer to a …

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Registered corporations have legal personality and their shares are owned by shareholders whose liability is generally limited to their investment.  Depending on the number of owners, a corporation can be classified as aggregate or sole. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered …

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