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- DictionaryCor·po·ra·tion/ˌkôrpəˈrāSHən/
noun
- 1. a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
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 ...
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.
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.
A corporation is a form of business ownership that helps prevent personal liability for business debts. Here you can learn how to create a corporation, how a C corporation and an S corporation are taxed, and how to keep corporate minutes and records to preserve your business's corporate status.
Jul 28, 2023 · What is a corporation? How they work and how to incorporate. KEY TAKEAWAYS. A corporation is a business entity that is legally separate from its owners. Corporations retain many of the same rights and responsibilities as individuals. The most common types of corporations are C Corps and S Corps.
an organization, esp. a business, that has a legally separate existence from the people who run it: multinational corporations. She was elected to the board of directors of the corporation. corporate. adjective us / ˈkɔr·pə·rət / corporate finance / law.
/ˈkɔrpəˌreɪʃən/ /kɔpəˈreɪʃɛn/ IPA guide. Other forms: corporations. Most of us think of corporations as companies — Amazon is one, Kellogg another, Disney a third. In reality, a corporation has a very particular legal meaning: it's a company that registers with a state government such that it has the same rights and responsibilities as a person.
