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+--- Thread: Is facebook.com a one man business of LLC (Limited Liability Company)? (/thread-107665.html)
Is facebook.com a one man business of LLC (Limited Liability Company)? - SunMyke - 03-06-2014 03:34 AM
I am just wondering the category of business I could classified facebook.com.
Is it a one man Business?
Detail explanation will help please, thank you.
- Howard L - 03-06-2014 03:50 AM
An explanation of your question would be even better. It's incomprehensible.
- Eric - 03-06-2014 04:06 AM
Facebook is a corporation that later went public on the US stock market. A corporation can sometimes be owned and controlled by one person, but Facebook has many investors who all own part of the company. Mark Zuckerberg owns less than 50% of the company, but due to the way the stock is setup (it has different classes with different voting rights) Mark controls over 50% of the votes, which means he can basically make any decision he wants with little oversight and can never get fired. Around 6% of US companies have this kind of structure.