What is a corporation?

What is a corporation?

What is a corporation?

Lily May-05-2023 09:30:42

369 days ago

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A corporation is a legal entity that exists separately from its owners and managers, and is recognized by law as a distinct legal person with the rights and privileges of an individual. It can own property, enter into contracts, pay taxes, and sue or be sued in its own name. Corporations exist to engage in profitable business activities and are typically organized to raise large amounts of capital.

Carissa

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answered 22 Aug 2023

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