Find the legal definition of CORPORATION from Black's Law Dictionary, 2nd Edition. An artificial person or legal entity created by or under the authority of. corporation · . (abbreviation Corp.) · an organization or a group of organizations that is recognized by law as a single unit. urban development corporations · . Definition: A corporation is made up of a group of people who are permitted by law to function as just one person, and has liabilities and privileges that are. A business organisation having a separate legal entity, i.e. an identity distinct from its owners, is called a corporation or a company in India. Any. corporation in American English 1. a legal entity that exists independently of the person or persons who have been granted the charter creating it and that is.
Search Legal Terms and Definitions n. an organization formed with state governmental approval to act as an artificial person to carry on business (or other. Incorporation is the legal process used to form a corporate entity or company. A corporation is the resulting legal entity that separates the firm's assets. CORPORATION meaning: 1. a large company or group of companies that is controlled together as a single organization: 2. Learn more. Definition of Corporation. A corporation is a legal entity that is separate and distinct from its owners or stockholders. It is an artificial being. A corporation is a type of business structure that allows a business to form a legal entity that is separate from its owners. Businesswoman presenting design. To lawyers, however, the classic definition is Chief Justice John Marshall's remark that “a corporation is an artificial being, invisible, intangible, and. A corporation is a legally establish business that can own assets and incur debt. Choosing to incorporate affects your business's operational, accounting, tax. corporate in Accounting Corporate means relating to large companies, or to a particular large company. Interest rates are higher for corporate clients than. Etymology. edit. From Middle English corporacion, corporation, from Late Latin corporatio (“assumption of a body”), from Latin corporatus, past participle of. Corporations are entities that act as a single, fictional person. Much like an actual person, a corporation may sue, be sued, lend, and borrow. A corporation is a company. It usually means a large company. Many corporations have subsidiary companies. They are in business to make a profit.
A corporation is a legal entity that's separate from its owners or founders. An owner refers to anyone who has stock or shares in the corporation. Corporations. 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. 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. Define US Corporation. means a corporation organized and existing under the laws of the United States, any state thereof or the District of Columbia. An incorporated association of workers in the same craft or trade, having the monopoly and control of their particular occupation within a borough or other. corporation meaning, definition, what is corporation: a big company, or a group of companies a: Learn more. any group of persons united or regarded as united in one body. Informal. a paunch; potbelly. It is a legal entity that is separate from its shareholders (owners). The corporation itself can turn profits, is responsible for its own taxes on profits made. A business is an enterprise that is formed to generate revenue. A corporation is often referred to as a 'legal person' in that it is designed to enable the.
A corporation is a group of persons that sit together to make and run a business. This business is considered an entirely different human and unrelated to. A corporation is a legal entity created by individuals, stockholders, or shareholders, with the purpose of operating for profit. Corporations are allowed to. Our definition of the corporation is congruent with the ideas presented in a publication by the Organization for Economic Cooperation and Development. (, p. A corporation is a distinct legal business entity, meaning the business owns property, pays taxes, and enters into contracts separate from its owners. The. Corporation. A corporation is considered a legal entity that is separate from those who own it. Under the law, corporations possess many of the same rights and.
What is the Difference between Corporation and Incorporation
What is corporation? A corporation, often referred to as a company, is a legal entity formed by a group of individuals or stakeholders to conduct business. It. A business corporation is a legal entity separate and distinct from the individual(s) who compose the business. It has rights and abilities similar to those of. A corporation, sometimes called a C corp, is a legal entity that's separate from its owners. Corporations can make a profit, be taxed, and can be held legally. CORPORATE definition: 1. relating to a large company: 2. of or shared by a whole group and not just of a single member. Learn more. “Inc.” is short for “incorporated”, and it is the abbreviation that is often used to indicate that a business is a corporation. (Example: Time Inc.) When you.