EXAMPLES OF A CORPORATION

1. Close Corporation
- entitled to operate without the strict formalities normally required in the operation of standard
corporations
- all the shares are held by a select few individuals (often the owners/managers) who are usually
closely associated with the business
- cannot make a public offering of its stock
- only up to 2 shareholders
- liability protection for shareholders is strong
- ideal for the individuals who wants to run a company alone with only few people

2. General Corporation
- also known as the C corporation
- can have an unlimited number of shareholders
- each shareholder's personal liability is proportional to his/her amount of investment
- most common corporate structure

3. Limited Liability Corporation

- a hybrid legal entity
- has the liability-shield advantages of a corporatio
- flexibility and tax pass-through advantages of a partnership
- corporate stock must be easily transferable in the stock exchanges
- owners actively participate in the organization's management
- usually treated as a non-corporate business organization for tax purposes

INDUSTRIES

1. Crile Consolidated Industries, Inc., A Close Corporation

2. Curtis Sure-Grip, Inc. (A Close Corporation)
3. Carter's Contracting Services, Inc., A Close Corporation
4. Oblicon Industries, Inc., A Close Corporation
5. Schmitz Cargobull (A Close Corporation

6. Dollar General Corporation

7. Aerojet-General Corporation
8. Mercury General Corporation
9. GL General Industries Corp
10. Lakin General Corporation

11. China First Heavy Industries Group Limited, Liability Company

12. Zain Industries, Limited Liability Company
13. Ziffa, LLC
14. Y Combinator
15. Netherlands Car B.V. (NedCar)