Answer:
shareholders
Step-by-step explanation:
There are various types of business practiced around the world and these are;
I. Sole proprietorship: it can be defined as a type of business that is typically owned by an individual or one person and as such is solely responsible for its debts.
II. Corporation: this type of business is declared as a separate legal entity but managed by a board of directors.
II. A limited liability company: it can be defined as a private company in which the owners are legally responsible for the company's debts but only to the amount of capital he or she has invested.
IV. Partnership: it can be defined as a type of business ownership in which two or more individuals come together to start up a business and share the profits made together.
Limited partnerships have two classes of partners. These two (2) classes are;
1. General partner: it is a type of partnership in which two or more people come together and have an agreement to do business by sharing profits, assets, debts or financial and legal liabilities.
2. Limited partner: it is a type of partnership in which people come together and have an agreement to do business but the involved partners only contribute financially and solely responsible to the amount of money they invested.
Executives that become partners in a bank and who own a part of the bank’s business are called shareholders. They are considered to be an investor and are entitled to the profits generated, as well as being responsible or liable for the debts owed.