In addition, a business that needs to raise money on a inventory market or to be owned by a variety of people will typically be required to undertake a particular authorized form to take action. Companies are also generally distinguished into public corporations and private corporations for legal and regulatory functions. Private firms do not have publicly traded shares, and sometimes contain restrictions on transfers of shares. In some jurisdictions, non-public corporations have maximum numbers of shareholders. In legal parlance, the owners of a company are normally known as the “members”.
- Small companies that involve web site design, a subset