This is a business that should be considered a legal entity separate and distant from the owners, meaning that it is established by law and has some legal rights and duties of a being human. It follows the rules that govern the way it is organized and the way it conducts business which are defined as corporate by law. A company can act like any business, it can enter into binding contracts, borrow money, own property, pay taxes, it can take legal action (such as lawsuits) in its own name it can also form a partnership or own a business. other company, the process to obtain this form is longer, more paperwork is required and higher fees, unlike a sole proprietorship and a general partnership requires filing items and paying filing fees. Shareholders (owners) elect people to represent their interests on a board of directors, these directors establish the company's missions and its objectives. It can also transfer ownership very easily: owners sell their shares and can sell them to the public, however, a shareholder has to sell them to another shareholder if no one is interested, the shares can be sold to the public, so this kind of form it is required for large companies like Apple and