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Corporation | Definition, History, Facts | Britannica Money 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
What is a Corporation? - Various Types and Reasons to Incorporate What is a Corporation? 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 The creation of a corporation involves a legal process called incorporation where legal
Corporation - Definition, Examples, Cases, Processes Corporation defined and explained with examples A corporation is a legal business entity in which the owners are protected from liability for the company's actions
corporation | Wex | US Law | LII Legal Information Institute corporation A corporation is an entity that acts as a single, fictional person Much like an actual person , a corporation may sue, be sued, lend, and borrow Additionally, a company which has been incorporated can easily transfer ownership through stock sales and exist indefinitely Corporations are primarily authorized and governed by state law with many states following the Model Business
Corporation - Wikipedia A corporation or body corporate is an individual or a group of people, such as an association or company, that has been 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