In a C-Corporation, shareholders and directors have distinct roles within a more hierarchical structure than an LLC:
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Shareholders: Owners of the corporation who hold stock (common or preferred). They vote on major decisions and elect the board of directors.
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Directors: Elected by shareholders to oversee the corporation’s strategy and governance. They set policies and appoint officers to manage daily operations.
Key Point: Shareholders own the company, while directors manage and guide it.
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