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You can--when you set up a corporation there are different kinds of relationships that people might have with a corporation.
当你建立一家公司时,人与公司之间,就会有千丝万缕的关系
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There's the insurance company, could be a corporation and it could be either a non-profit corporation or a for-profit corporation owned by shareholders.
一个保险公司,可以是,非盈利性股份公司,也可以是以盈利为目的的股份公司
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I read an article a while back about a private fire company, the Salem Fire Corporation, in Arkansas.
我看过一篇关于私人消防公司的文章，在阿肯色州有一家塞伦消防公司。
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When you create a corporation, you write up a contract, which specifies the rules of the corporation; it's like a constitution for the corporation.
创建公司时,你会起草一份协议,其中规定了公司的条款,就像公司的宪法一样
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Now, the critical thing to understand about a corporation is that in order to value a share in a corporation you absolutely have to know the number of shares outstanding.
理解这类公司的关键在于,要衡量一家公司股票的价值,你必须清楚总共发行的股票数量
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The state law probably requires that a corporation have a board of directors, but it's also something that can be defined at the time that you create the corporation in the bylaws.
州法规定,公司必须要有董事会,但还有一些规定,是你在制订公司制度时自由规定的
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The idea, of course, is that we have a legal entity--a corporation-- that issues shares that are either given to people or purchased by people and the idea is that shares represent contributions.
最初的做法是,一个法人实体即公司,发行股票,然后发放或卖给人们,理念就是,股票象征着贡献
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Yale University is a non-profit corporation; the price of a share in Yale University is undefined-- it's zero over zero.
耶鲁大学可以看作是个非盈利组织,它的股价无法定义,是零除以零
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Now incidentally, in a for-profit corporation-- this is how to understand this, this is a concept that is enshrined in law.
顺便提一下,在一家盈利性公司中,我们需要这样理解,这是个在法律中明文昭示的概念
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If you take part in a partnership you are individually liable for the debts of the corporation.
如果你加入了合伙制企业,个人需要为企业的债务承担责任
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Well actually, we have some voting among alumni I guess, but it's not a for-profit corporation.
实际上,在校友会活动中还是会投票的,但这不是个盈利性公司
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People on Wall Street found that difficult to say -Federal National Mortgage Corporation- so they nicknamed it Fannie Mae; it sounds like a woman's name.
华尔街的人觉得这名字很拗口,联邦,国民,抵押,贷款,协会,所以给它起了个昵称,房利美,这听起来像个女性名字
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You can sign up with the Salem Fire Corporation, pay a yearly subscription fee, and if your house catches on fire, they will come and put out the fire.
你可以和塞伦消防公司签约，每年支付会员费，如果你的房子着火，他们会来灭火。
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A corporation is an entity that could be sued or could lose more money than it's worth, but the value of a corporation can never fall below zero to the investors because the investors are not liable for the mistakes of the corporation.
公司是一个实体,它可能被起诉,或者亏损额超过了自身的价值,但是对于投资者而言,公司的价值永远不会小于零,因为投资者对公司的过失,不负有责任
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A limited partnership is one kind of DPP and it has--it's not a corporation, so it's a partnership.
有限合伙制是DPP的一种,它不是公司制,而是合伙制
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He has a new name for it -I think it's called Home Equity Protection Corporation -but almost the same idea.
他已经想出了一个新名字,我想应该是叫做住房资产保护公司,但是这几乎跟房主贷款公司是一样的
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