Corporations
公司
A corporation is a kind of business organization with an unlimited lifetime.
股份有限公司是一種無時間限制的企業組織形式。
Corporations can sell stock as a way to raise money.
公司可以通過出售股票來籌集資金。
Stock represents shares of ownership in a company.
股票是個人持有公司股份多少的憑證。
Investors who buy stock can trade their shares or keep them as long as the company is in business.
只要公司處于經營之中,投資者可以隨意出售或一直持有自己的股份。
A company might use some of its earnings to pay dividends as a reward to shareholders.
公司獲利后,會將收益的一部分當作回報分給股東,
Or it might reinvest the money into the business.
或是將錢再投資到公司的項目。
If shares lose value, investors can lose all of the money they paid for their stock.
如果股份失去價值,投資者就會虧掉購買股票的資金,
But shareholders are not responsible for the debts of the corporation.
但他們不承擔公司債務。
A corporation is a legal entity separate from its owners.
股份有限公司是獨立于所有者以外的法律實體。
A board of directors controls corporate policies.
董事會負責制定公司政策,
The directors appoint top company officers,but might or might not hold shares in the corporation.
他們可以任命公司高級職員,但卻不一定持有公司的股份。
Corporations can have a few major shareholders.
公司可以有幾個主要股東,
Or ownership can be spread among the general public.
也可以將所有權分散給大眾。