CORPORATION
Corporation
A corporation is a separate legal entity that has been incorporated through a legislative or registration process established through legislation. Incorporated entities have legal rights and liabilities that are distinct from their employees and shareholders, and may conduct business as either a profit-seeking business or not for profit business. Early incorporated entities were established by charter . Most jurisdictions now allow the creation of new corporations through registration. In addition to legal personality, registered corporations tend to have limited liability, be owned by shareholders who can transfer their shares to others, and controlled by a board ...The above text is a snippet from Wikipedia: Corporation
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corporation
Noun
- A group of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members.
- In Fascist Italy, a joint association of employers' and workers' representatives.
- A protruding belly; a paunch.
The above text is a snippet from Wiktionary: corporation
and as such is available under the Creative Commons Attribution/Share-Alike License.