Slide 11-2 Corporations An entity created by law Privately, or Existence is separate from Ownership Closely, Held owners. can be Q000 Has rights and prIvileges. Publicly Held Irwin/McGraw-Hill ?The McGraw-Hill Companies, Inc., 1999?The McGraw-Hill Companies, Inc., 1999 Slide 11-2 Irwin/McGraw-Hill Corporations Existence is separate from owners. An entity created by law. Has rights and privileges. Privately, or Closely, Held Publicly Held Ownership can be