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How does a corporation work?

A corporation is a separate legal entity owned by its shareholders. The shareholders elect directors and the directors in turn elect officers such as a president and secretary. These officers will manage the operation of the corporation. The internal structure of the corporation is regulated by its articles of incorporation and bylaws. A small business shareholder will often also be an officer and director.

Business  

This information applies to All Counties in North Carolina.

Source: http://www.johnecargill.com/business-law-faqs/

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