A corporation exists when a company comes from being owned by a single person, to being owned partially to whoever buys stocks in it. The company will basically sell itself out to the public, which can cause problems with the stockholders wanting more and more growth in the company. A lot of the time an incorporated company will treat it's employees worse and give them lower wages because of this.
what agency relationship exists in a corporation?
No
This company exist also now.
thavin
yes
A close corporation has unlimited continuity. This means that it will continue to exist regardless of changes in the composition of the members.
No
A corporation has limited liability protection, and are typically not personally responsible for business debts. A corporation can live forever, even if an owner dies or sells interest, the corporation can still exist.
Corporation... A+
While there are several companies on the planet called "Umbrella", no, the Umbrella Corporation from the Resident Evil franchise is fictional.
Merger
what agency relationship exists within a corporation