Legal Question in Business Law in Pennsylvania

Principal Definition

Who are the Principals of a corporation? I know who the Directors and Officers are, but not the "Principals". Are they different?


Asked on 5/31/00, 10:44 am

1 Answer from Attorneys
Gerald Hershenson Law Office of Gerald M. Hershenson

Re: Principal Definition

Principals of a Corporation are the owners/shareholders of the Corporation. They may also be officers or directors. Usually they are officers or directors. Think of them as owners of the legal entity. Ownership of a corporation is reflected by owning shares of stock. The owners of the stock are referred to as Principals and or shareholders.

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Answered on 7/18/00, 10:02 am


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