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im Jaded..i create this blog to share my little knowledge about what i've been taken from my college life and my greatest frustration in life is to develop my own accounting software..

Thursday, August 18, 2011

Contituents of a Corporation

The following are the constituents of the corporation.

1. Incorporators  are the members or stockholders or both mentioned in the articles of incorporation as originally forming and composing the corporation.

2. Corporators are those who compose the corporation, whether they be stockholders or members. The terms includes incorporators, stockholders, or members. All incorporators are corporators in as much they are stockholders or member of a corporation. But a corporators is not necessarily incorporators. Although they maybe a stockholders or members  of the corporation, They may not be the one of those who formed and form the corporation. 

3. Stockholders are corporators of a corporation who own at least one share of the corporation capital stock.

4. Members are corporators of a corporation, which has no capital stock.

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