<P> Where local law distinguishes corporations by the ability to issue stock , corporations allowed to do so are referred to as `` stock corporations '' , ownership of the corporation is through stock , and owners of stock are referred to as `` stockholders '' or `` shareholders '' . Corporations not allowed to issue stock are referred to as `` non-stock '' corporations ; those who are considered the owners of a non-stock corporation are persons ( or other entities ) who have obtained membership in the corporation and are referred to as a `` member '' of the corporation . </P>
<P> Where local law distinguishes corporations by the ability to issue stock , corporations allowed to do so are referred to as `` stock corporations '' , ownership of the corporation is through stock , and owners of stock are referred to as `` stockholders '' or `` shareholders '' . Corporations not allowed to issue stock are referred to as `` non-stock '' corporations ; those who are considered the owners of a non-stock corporation are persons ( or other entities ) who have obtained membership in the corporation and are referred to as a `` member '' of the corporation . </P>
if a corporation is formed then the owners are known as
if a corporation is formed then the owners are known as
`` stockholders '' or `` shareholders ''
`` stockholders '' or `` shareholders ''