Corporations can be both government-owned or privately owned, and they can arrange either for profit or as nonprofit organizations. A privately owned, for-profit corporation is owned by its shareholders, who elect a board of administrators to direct the company and hire its managerial employees. A privately owned, for-profit company can be both privately held by a small group of people, or publicly held, with publicly traded shares listed on a stock trade.
Businesses may be for-profit entities or non-profit organizations fulfilling a charitable mission or furthering a social cause. Businesses range in scale and scope from sole proprietorships to massive, worldwide firms. Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives dealer. Besides his in depth Business spinoff trading experience, Adam is an professional in economics and behavioral finance. Adam obtained his grasp’s in economics from The New School for Social Research …