The board of directors declares dividends. The board of directors set the general policies for the management of the corporation. The corporation cannot own any business property. Shareholders have direct ownership of corporate property, such as the company building or equipment. A corporation has mutual agency.
Shareholders have the right to their fair share of declared dividends.
All of the above are correct. The personal accounting records of the owner are included in the accounting records of the business. The owner and the business are treated as separate legal entities. In a sole proprietorship the business earnings are taxed directly to the business. In a sole proprietorship the owner and the business are treated as one accounting entity.