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Understanding Corporations: Structure, Rights, and Types

A corporation is a legal entity separate from its owners, with distinct rights and characteristics. Stockholders own the corporation, enjoying various rights such as voting, receiving dividends, and inspecting records. The board of directors governs the corporation, while officers manage its operations. Corporations offer advantages like limited liability and ease of raising funds but face complexities and regulatory challenges. They can be public, private, or non-profit entities.

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Understanding Corporations: Structure, Rights, and Types

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