{"id":3378,"date":"2023-02-22T21:28:29","date_gmt":"2023-02-22T21:28:29","guid":{"rendered":"https:\/\/course.oeru.org\/ient102\/?page_id=3378"},"modified":"2023-02-22T21:28:29","modified_gmt":"2023-02-22T21:28:29","slug":"corporation","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/ient102\/learning-pathways\/legal-forms-of-business\/corporation\/","title":{"rendered":"Corporation"},"content":{"rendered":"<div id=\"content\" class=\"mw-body container\" role=\"main\">\n<div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"panel\">\n<div class=\"panel-body\">\n<div id=\"bodyContent\">\n<div id=\"mw-content-text\" lang=\"en\" dir=\"ltr\" class=\"mw-content-ltr\">\n<div class=\"floatright\"><a href=\"https:\/\/wikieducator.org\/File:Sydney-CBD-2.jpg\" class=\"image\"><img loading=\"lazy\" decoding=\"async\" alt=\"Sydney-CBD-2.jpg\" src=\"\/\/wikieducator.org\/images\/thumb\/a\/ae\/Sydney-CBD-2.jpg\/300px-Sydney-CBD-2.jpg\" width=\"300\" height=\"167\" class=\"img-responsive\"><\/a><\/div>\n<p>An <b>independent legal entity owned by shareholders<\/b> is generally called a <b>corporation<\/b> or a <b>company<\/b>. A corporation is very different in structure to a sole proprietorship or a partnership. Shareholders decide on how the corporation is run and who manages it. Corporations are more complex and may include more people in the decision-making process.\n<\/p>\n<p>Read the section on Privately-Held Corporation in <a href=\"https:\/\/wikieducator.org\/images\/6\/62\/Business_ownership_comparison.pdf\" class=\"internal\" title=\"Business ownership comparison.pdf\">Forms of Business Ownership<\/a> <sup id=\"cite_ref-1\" class=\"reference\"><a href=\"#cite_note-1\">[1]<\/a><\/sup>  to find out more about this form of business ownership and its pros and cons. You may find it helpful to complete the self-reflection questions at the end of the reading.\n<\/p>\n<p><br style=\"clear:both;\">\n<\/p>\n<div class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"activity\" src=\"https:\/\/course.oeru.org\/ient102\/wp-content\/themes\/oeru_course\/idevices\/Icon_activity.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Research activity<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<ul>\n<li> Search on the internet (or through a local business support agency) to find out:\n<ul>\n<li> What terminology is used in your country for a business that is owned and run by shareholders\n<\/li>\n<li> What the main features are of this sort of business entity in your country\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>\n<\/p>\n<ul>\n<li> Thinking about your business idea and the factors that you thought were important in choosing a business ownership model, identify:\n<ul>\n<li> Two advantages of using this form of business ownership for your start-up business\n<\/li>\n<li> Two disadvantages of using this form of business ownership for your start-up business\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>\n<\/p>\n<ul>\n<li> In your learning journal blog:\n<ul>\n<li> Make notes on what you have found out and cite your sources so that you can refer to it again. You will use this information for the learning challenge.\n<\/li>\n<li> Remember to tag or label your post using the course code: IENT102 (This is needed to harvest a link to your blog post in the course feed.)\n<\/li>\n<\/ul>\n<\/li>\n<li> Look in the <a href=\"\/ient102\/interactions\/course-feed\" title=\"Introduction to entrepreneurship\/IENT102\/Feed\">course feed<\/a> to see what others have written.\n<\/li>\n<\/ul>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<p>\n<\/p>\n<ol class=\"references\">\n<li id=\"cite_note-1\"><span class=\"mw-cite-backlink\"><a href=\"#cite_ref-1\">\u2191<\/a><\/span> <span class=\"reference-text\"><a rel=\"nofollow\" class=\"external text\" href=\"http:\/\/oasis.col.org\/handle\/11599\/2467\">VUSSL: The Business Environment<\/a><\/span>\n<\/li>\n<\/ol>\n<p><!-- \nNewPP limit report\nCPU time usage: 0.162 seconds\nReal time usage: 1.275 seconds\nPreprocessor visited node count: 106\/1000000\nPreprocessor generated node count: 888\/1000000\nPost\u2010expand include size: 3593\/2097152 bytes\nTemplate argument size: 2121\/2097152 bytes\nHighest expansion depth: 7\/40\nExpensive parser function count: 0\/100\n--><\/p>\n<p><!-- Saved in parser cache with key we_en-mw_:pcache:idhash:181891-0!*!0!*!*!2!* and timestamp 20230222212828 and revision id 1057707\n -->\n<\/div>\n<div class=\"visualClear\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-md-12\">\n<ul class=\"pager\">\n<li class=\"previous\">\n            <a href=\"\/ient102\/learning-pathways\/legal-forms-of-business\/partnership\">\u2190 Previous<\/a>\n          <\/li>\n<li class=\"next\">\n            <a href=\"\/ient102\/learning-pathways\/legal-forms-of-business\/knowledge-check\">Next \u2192<\/a>\n          <\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<div id=\"wenote-ids\"><script type='text\/javascript' id='wenotes-ids'>\n    var WEnotesSite = \"https:\/\/wikieducator.org\";\n    var WEnotesPath = \"\/Introduction_to_entrepreneurship\/IENT102\/Legalities\/Corporation\";\n    var WEnotesSiteID = \"0e3d258fbd36841f92259eefcd41d5e9\";\n    var WEnotesPathID = \"45405e8df3f52dd9ef5d0bc0de00ebd1\";\n    var WEnotesIDs = { site: \"https:\/\/wikieducator.org\", path: \"\/Introduction_to_entrepreneurship\/IENT102\/Legalities\/Corporation\", site_id: \"0e3d258fbd36841f92259eefcd41d5e9\", path_id: \"45405e8df3f52dd9ef5d0bc0de00ebd1\" };\n<\/script><\/div>\n<\/div>\n<footer><\/footer>\n","protected":false},"excerpt":{"rendered":"<p>An independent legal entity owned by shareholders is generally called a corporation or a company. A corporation is very different in structure to a sole proprietorship or a partnership. Shareholders decide on how the corporation is run and who manages it. Corporations are more complex and may include more people in the decision-making process. Read [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":3366,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-3378","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/pages\/3378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/comments?post=3378"}],"version-history":[{"count":1,"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/pages\/3378\/revisions"}],"predecessor-version":[{"id":3379,"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/pages\/3378\/revisions\/3379"}],"up":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/pages\/3366"}],"wp:attachment":[{"href":"https:\/\/course.oeru.org\/ient102\/wp-json\/wp\/v2\/media?parent=3378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}