Corporation
From Simple English Wikipedia, the free encyclopedia
A corporation is a union of natural persons that has its own legal status that is independent from the persons involved.
This separation of persons and corporation gives it special powers. Its status and capacity is determined by the law of the place of incorporation.
Investors and entrepreneurs often form joint stock companies to make a business easier. Therefore the term corporation often means such business corporations. Corporations may also be formed for local government (municipal corporation), policial, religious, and charitable purposes (not-for-profit corporation), or government programs (government-owned corporation).
[edit] External links
- Corporation Origins of corporations, their history, legal definition and current issues.
- US Corporate Law at Wikibooks
