What is a corporate business?

Mostly Large scale organisations are corporation, another name for corporation can be 'company' it is owned by shareholders and aims to make a profit. Shares in a public company are usually traded on the Australian Securities Exchange (ASX).

Members of the public company are able to buy or sell shares in public companies and such companies have millions of shareholders.

BHB Billiton and Telstra are examples of public companies.

Private corporations are not listed on the Australian Securities Exchange and have restrictions on who can buy shares. They can have one shareholder but no more than 50 shareholders.