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A privately owned, for-profit corporation is owned by its shareholders, who elect a board of directors to direct the corporation and hire its managerial staff. A privately owned, for-profit corporation can be either privately held by a small group of individuals, or publicly held, with publicly traded shares listed on a stock exchange. Max Freedman is a content writer who has written hundreds of articles about small business strategy and operations, with a focus on finance and HR topics.
- Every small business has the potential to be successful and profitable, provided it’s backed by a strong product-market fit and a robust business plan.
- This trend has created an opening for multilingual speakers to offer specific services, such as document translation and the translation of website information into languages for use in other markets.
- This is a good app, especially for business people who