@Joy JamesCore values in any business are to make profit for you and your share holders , if you are running a charity then that’s different .

In case you are interested, here is the full Berkshire letter to shareholders that contains the quote:https://www.berkshirehathaway.com/letters/1986.html

In other words shareholders or board of the overall business, but principals and managers of the individual branches.

But you do need to hold an annual meeting of shareholders (even if that is just one person).

I have a corporation that is four of us and we did a shareholder agreement and a loan agreement for the partners that put in the extra money needed for purchases. 

The limit is the lesser of $50K or 50% of the account value.There is a program referred to as a Rollover as Business Startup that allows you to use existing retirement funds to become a shareholder of a corporation that you own & operate.  

Buffet invests in shareholder-friendly companies, with strong competitive advantages that are undervalued.

As I said, I'm not a very patient person; once I know I want something, I go after it.WhyI want my hard work to benefit me and my family, not some shareholders.

Research the best dividend stocks and what their annual return is to shareholders and then see if you can offer something competitive in the way of terms and payment schedule. 

I've been 'self-employed' since 02' and my wife just has an hourly wage w-2, but what we did is establish a mgt s-corp early on for all of our rentals that we are both the only shareholders of.