A corporation is a legal entity (technically, a juristic person ) which has a legal personality distinct from those of its members. The defining legal rights and obligations of a corporation consist of the capacities (i) to sue and to be sued, (ii) to have assets, (iii) to employ agents, (iv) to engage in contracts, and (v) to make by-laws governing its internal affairs. Other legal rights and obligations may be assigned to the corporation by governments or courts.
Legal status · Origins · Types of corporations · Corporate taxation · Criticisms ...
In forming a corporation, prospective shareholders exchange money, property, or both, for the corporation's capital stock. A corporation generally takes the same deductions as a ... ...
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