Dissolving a corporation?

Discussion in 'Learn how to trade or invest by asking questions' started by Nate Stetler, Mar 15, 2017.

  1. Nate Stetler

    Nate Stetler New Member

    Does a public corporation like Apple or McDonald's dissolve if one person owns 100% of the shares? Just curious because the whole point of a corporation is that the shareholders have voting rights for company decisions and there wouldn't be any voting rights if there was a just a single shareholder. Thanks.
     
  2. ineedupticks

    ineedupticks Member won penny contest 2x won weekly contest 2x

    no, they would have to choose to dissolve it if that's something they'd even want to do
     
  3. Rahula

    Rahula New Member

    It's possible, depends on what the shareholder thinks. When a person buys all shares of a public company, it becomes private and cannot be traded on the stock market, as the definitions of "public" and "private" implied. So you can say the public firm has "dissolved".
     
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