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Corporation Classifications
"Corporations are classified based on their locations, purpose or owners." (Cheeseman, 2004) A private corporation can either be for profit or nonprofit. With a for profit corporation, the business is able to disperse profits with its stakeholders. A nonprofit corporation is able to make a profit but by law it is not allowed to disperse these profits with its member, etc.
Public corporations are used primarily for government or political purposes. Examples of these types of corporations are your local water agency, your child's school and the public park down the street. Private corporations are the corporations that conduct personal business.

Promoters
The promoter of a corporation is the person(s) that start the corporation. They are the people who negotiate contracts in advance of the formation of the corporation; they find investors for the corporation who will finance the creation and further activities of the corporation. A......

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Approximate Word Count: 521
Approximate Pages: 3 (250 words per double-spaced page)

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