This would be a government corporation. They are designed in order to take care of commercial activities for the government.
The shareholders hjave the ultimate power and the officers operate the corporation.
No definitely not.
Am example of a government corporation is: amtrak Post Office Federal Deposit Insurance Corporation (FDIC)
minimum 10 people
A "Close Corporation" is generally a smaller corporation that elects close corporation status and is entitled to operate without strict formalities. It has more of a relaxed environment.
Usually a law firm will operate as a professional corporation. They may also work as a partnership.
A public corporation is created to perform a governmental function or to operate under government control, such as a municipal water company or hospital. heres the link(mixed w/ private corps.)>>> http://en.wikipilipinas.org/index.php?title=Top_100_corporations
it is a government corporation.
Federal Deposit Insurance corporation
"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.
A government corporation does a number of things but it is mainly tasked with the role of providing government services. This is a business entity which is fully or party owned by the government.