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Jun 21, 2024 · A corporation is a legal entity that is separate and distinct from its owners. Under the law, corporations possess many of the same rights and responsibilities as individuals....
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A corporation is an organization —usually a group of people or a company —authorized by the state to act as a single entity (a legal entity recognized by private and public law as "born out of statute"; a legal person in a legal context) and recognized as such in law for certain purposes. [1]: 10 Early incorporated entities were established by c...
Jul 24, 2024 · A corporation is a type of business entity that offers limited liability for owners, the shareholders. Corporations have well-established legal precedents and a uniform management...
A corporation is a legal entity created by individuals, stockholders, or shareholders, with the purpose of operating for profit. Corporations are allowed to enter into contracts, sue and be sued, own assets, remit federal and state taxes, and borrow money from financial institutions.
www.merriam-webster.com · dictionary · corporationCorporation Definition & Meaning - Merriam-Webster
1. a. : a group of merchants or traders united in a trade guild (see guild sense 1) b. : the municipal authorities of a town or city. 2. : a body formed and authorized by law to act as a single person although constituted by one or more persons and legally endowed with various rights and duties including the capacity of succession. 3.
Sep 1, 2024 · Corporation, specific legal form of organization of persons and material resources, chartered by the state, for the purpose of conducting business. Its features include limited liability and juridical personality, which means that the corporation itself as a fictive ‘person’ may sue and be sued and may make contracts.
Sep 20, 2021 · A corporation is a legal entity formed by a business owner. If you're considering starting up a business, you might be wondering what type of business entity is right for you. Forming a corporation is one option that can provide some benefits with taxes and personal liability.
Oct 2, 2020 · What is a Corporation? A corporation is a distinct legal business entity, meaning the business owns property, pays taxes, and enters into contracts separate from its owners. The ownership and management structure of a corporation is different from other business entities.
Dec 19, 2022 · Corporations are distinct legal entities that are considered separate from their owners and pay taxes on their profits (and dividends in some cases). Partnerships are owned by two or more...
Jun 10, 2016 · A corporation is a legal business entity in which the owners are protected from liability for the company’s actions and financial status.
