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PODS Business Analysis

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As the PODS business grew, they owners saw that they needed to expand their business approach and decided to become a private corporation. With becoming a private corporation, it provided more protection over the owners of the business. It provided limited liability which means that their personal finances are no longer at stake if the business owes debt. A private corporation has private stock, which means that no one outside the business can buy stock in that business. This still give the owners control over what happens in the business. “…A small group of individuals maintains control over much of the general corporate operations” (Ferrell, O.C., Hirt, G.A, & Ferrell, L., 2014). It also provides stockholder loyalty and the business is less

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