Shareholders
The name of the person who is part of the team that makes up a corporation is called...
A shareholder
First step: The idea comes from an individual or a group of shareholders that want to achieve a ____ ____ with their company.
common goal
What is they key term for when a corporation ends?
Liquidation
They own a part of the company called a ___ by investing in ____.
share, stocks
Second step: File incorporations with the ____.
state
It happens when the “team” decides to sell their assets: could be for personal gain or _____.
bankruptcy
When the shareholders are not at fault for the company’s problems, it is called....
Limited liability
Third step: Then you have to issue ___ to the company’s ____.
stock, shareholders
Elect one person to sell the assets and when everything is sold, they pay the ____ and split money between ____.
creditors, shareholders