2007-01-27 05:14:04 · 4 answers · asked by Anonymous in Social Science ➔ Economics
check your spelling...
2007-01-27 05:18:12 · answer #1 · answered by Button Face 4 · 0⤊ 0⤋
Its setting up a corporation that public can buy and own stock in. Corporations are set up to spread risk across the board, and to limit liability to losses of money. Corproations came about in England during the 17th century to go Sea Faring because they needed more captial than a rich baron at the time could provide, so they set up character of corporation to raise captial to go on explorations into the New World. Public companies have to disclose numbers, and proxy statements indicating how the company is doing, and be held account to stockholder more than would sole properitor. In between that LLC limited Liability corporation that is owned by usually 10 to 50 people, but the losses are limited to the share of the LLC they owned most times, and it allows for more flexbility with investment and ownership with LLC, but the downside is less captial or money coming than would a public corporation get. Public corproation is charter really, or Articles of incorporation done thru Delware, Nevada or some other state, and they usually have write bylaws and rules to run a corporation to make sure things runs according to the laws of that state or country.
2007-01-27 18:00:40 · answer #2 · answered by ram456456 5 · 0⤊ 0⤋
A corporation that is no longer private. Its stock is publicly traded on a certain stock exchange. Anybody who is willing to pay the price may purchase some stock in a certain company.
2007-01-27 14:18:41 · answer #3 · answered by Mark T 6 · 0⤊ 0⤋
Could you be meaning public corporations?
2007-01-27 13:18:19 · answer #4 · answered by ticklemeblue 5 · 0⤊ 0⤋