Re: Mozilla For Profit?

Randy Kramer <[email protected]> writes:

> The following is definitely OT for this list, but I'm curious (or more):
>
>    * Can a corporation be created with no stockholders?  (Is that what a
> subchapter S (or some other letter) corporation is?)  Or, more to the point:
> could I create my own corporation with no stockholders and achieve the
> benefit of freedom from (most) personal liability that is achieved by a
> traditional corporation?  (Or, is creating a corporation with no
> stockholders something that only some non-human entity (like the Mozilla
> Foundation) able to achieve?)
>

You can definitely create a corp without stockholders.

I know several people who have started their own corps, and actually, I work
for a company that is a corp, and we have no stockholders.

I think having stockholders is what makes one a 'public' corporation, rather
than private.

Dave