Corporations, Shares, and shareholder rights People who own stock have an equity interest in the organization If a business has shares of stock, it is organized as a corporation rather than a proprietorship or a partnership The shares of some corporations are closely held, while others are publicly held. The two types of stock are common stock and preferred stock. Strong c5-Common Stock 5-25 - 2 Strong C5 – Common Stock ◆ People who own stock have an equity interest in the organization. ◆ If a business has shares of stock, it is organized as a corporation rather than a proprietorship or a partnership. ◆ The shares of some corporations are closely held, while others are publicly held. ◆ The two types of stock are common stock and preferred stock. Corporations, Shares, and Shareholder Rights