- 1. a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law. Similar
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Legal Definition of corporation : an invisible, intangible, artificial creation of the law existing as a voluntary chartered association of individuals that has most of the rights and duties of natural persons but with perpetual existence and limited liability — see also pierce — compare association, partnership, sole proprietorship
Jan 03, 2022 · 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. They can enter...
May 07, 2022 · 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.
Aug 26, 2011 · Corporation, the group of principal officials of a borough or other municipal division in England. any group of persons united or regarded as united in one body. Informal. a paunch; potbelly. Origin of corporation