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Is facebook.com a one man business of LLC (Limited Liability Company)?
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03-06-2014, 04:06 AM
Post: #3
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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.
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Is facebook.com a one man business of LLC (Limited Liability Company)? - SunMyke - 03-06-2014, 03:34 AM
[] - Eric - 03-06-2014 04:06 AM
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