It is legally owned by its stockholders, although they do not have control over the day-to-day management of the company like a "normal" owner would for a non-corporation company.
By Shareholders.
stockholders
A corporation is owned by its stockholders.
They are a family owned corporation.
Federal Deposit Insurance corporation
UAL corporation once owned Hertz and Hilton Suman Gupta
All corporations are owned by stockholders. Every corporation is required to issue stock.
"Public Corporation" can refer to a corporation that offers shares on the public market, or it can refer to a corporation that is owned by the government. Similarly, "Private Corporation" can refer to any corporation that is not government owned, or a corporation that does not list its shares on public share markets. A "crown corporation" is one that is owned by the government. This term is more widely used in UK, some Commonwealth countries and other monarchies.
corporation
TLC Beatrice International Corporation
false
A corporation
It is owned by stockholders.
Yes, Wendy's is an individually owned corporation.