Corporation meaning

British Broadcasting Corporation. Word Origin late Middle English: from late Latin corporatio(n-), from Latin corporare ‘combine in one body’ (see corporate). Corporation definition, an association 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. Definition of corporation.

A corporation is a legal entity that is separate and distinct from its owners. Corporations enjoy most of the rights and responsibilities that individuals possess.

In other words, it’s a business that is a separate legal entity from its shareholders. The basic corporate structure consists of the shareholders, board of directors, and officers.

The shareholders are the investors and people who actually own the company. Firm that meets certain legal requirements to be recognized as having a legal existence, as an entity separate and distinct from its owners. The corporation is liable for the actions and finances of the business – the shareholders are not. The local corporation has given permission for the work to proceed.

The interests of management and shareholders often conflict, particularly when a corporation is subject to a possible takeover attempt. Whether you work for a large corporation or small company, following these easy guidelines can help you to succeed.

It is a global corporation with over 410employees in 1countries. This form of business is characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern.

Synonyms for corporation at Thesaurus. Find descriptive alternatives for corporation. C corporations, the most prevalent of corporations.

The definition of a corporation is a legal entity with its own rights, privileges and liabilities separate from the members who created it. An example of a corporation is Apple Computer. YourDictionary definition and usage example.

This status is independent from the persons involved. Because it is recognized by governments as a separate entity, the corporation must file tax returns and pay taxes and conform to state and federal law. This separation of persons and corporation gives it special powers. Know the word corpse?

It means a dead body, and comes from the Latin corpus, "body. They are both used in names of incorporated entities. When you register a business, you can use either in the business name. In terms of legal structure, compliance obligations, limited liability or tax structure, there is no difference between the two.

A statutory corporation is a corporation created by the state.

An entity, usually a business, created by a legislative act or by individuals who have agreed upon and filed articles of incorporation with the state government. Ownership in the corporation is typically represented by shares of stock.

As contrasted with the other two major forms of business ownership, the sole proprietorship and the partnership, the corporation is distinguished by a number of characteristics that make it a more-flexible instrument for large-scale economic activity, particularly for the purpose of raising large sums of capital for investment. A legal entity organized under state laws that is considered separate from its owners.

Structuring a business as a corporation has a number of important legal requirements and consequences that impact investors. However, they cannot be used interchangeably. C Corporations, or “C Corps” as they’re commonly known, are the primary format of publicly held companies.

Their shares can be easily bought and sold on public stock exchanges since there is no limit on the number of shareholders they can have. B Corps are accelerating a global culture shift to redefine success in business and build a more inclusive and sustainable economy.