This is what I have found so far (Is all shareholders considered owners in this no corporate?)
What is corporate and non-corporate form of business?
A corporation is an artificial person, legally independent of its owners and/or operators. The owners of a corporation are its shareholders.
A business that is not a corporation legally is just its owners and operators, usually in the form of a sole proprietorship or a partnership.
If someone sues a corporation that is as far as it can go, they cannot sue either the owners or operators.
If someone sues a business that is not a corporation they are automatically suing all the owners and operators.
What is corporate and non-corporate form of business