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 Glossary   >   C   >   "Corporation" Definition   

        Corporation

A legal person that is separate and distinct from its owners. A corporation is allowed to own assets, incur liabilities, and sell securities, among other things.

The most common form of business organization. The total worth of the organization is divided into shares of stock, each representing a unit of ownership. A corporation is ongoing and the owners face only limited liability.

Corporation


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Corporation - A legal person that is separate and distinct from its owners. A corporation is allowed to own assets, incur liabilities, and sell securities, among other things.

The most common form of business organization. The total worth of the organization is divided into shares of stock, each representing a unit of ownership. A corporation is ongoing and the owners face only limited liability.


Corporation : a legal person that is separate and distinct from its owners. a corporation is allowed to own assets, incur liabilities, and sell securities, among other things.

the most common form of business organization. the total worth of the organization is divided into shares of stock, each representing a unit of ownership. a corporation is ongoing and the owners face only limited liability.