In forming the possessive, sometimes you have the option of adding 's or just the apostrophe (without s). Here are the rules:
For most singular nouns, add 's:
the boy's house, the company's CEO, the state's population
For singular nouns that end with -s, you may add either 's or just the apostrophe. Both are acceptable:
James's house or James' house, the business's CEO or the business' CEO, Texas's population or Texas' population.
For plural nouns that end in -s, add just the apostrophe:
the two boys' houses, the two businesses' CEOs, the two states' populations
For plural nouns that do not end in -s, add 's:
the two children's houses, the two alumni's wives
I have a system that makes the issue very easy. Forget about singular and plural. Just follow these two simple rules and you will never make a mistake:
1. If the noun ends with -s, add just the apostrophe.
2. In all other cases, add 's.