How to Tell the Difference Between a Small Business vs. a Corporation
There are different types of businesses that you come across while browsing the internet. One such type is the corporation, which is a company that has a legal personality separate from its owners and can also be publicly listed on stock exchanges. This means that when wealthy individuals or large companies want to expand their holdings, they often acquire corporations as investments . What are some other ways to tell the difference between a small business vs. a corporation? Find out in this article! What are the characteristics of a corporation? A corporation is an organization with a legal form of business entity. A corporation has its own officers and shareholders who are separate from the officers and shareholders of a small business. For example, a corporation may have one director and five shareholders, while a small business may have one owner and one shareholder. Additionally, a corporation can issue stock, which gives the owners of the stock voting rights and economic benefi