Small Business Glossary - Definition of the term Corporation

Definition of Corporation

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Definition:

A corporation is a legal entity that has rights usually only reserved for individuals. The primary advantage of a corporation is that it provides its shareholders with a right to participate in the profits without any personal liability.

Related Terms:

Limited Liability Company
Partnership
Sole Proprietorship

Related Information:

Corporations
How to Form a Corporation
Legal Resources for Small Businesses

Related Books:

Inc. Yourself
Legal Guide for Starting & Running a Small Business
Books about Legal Issues in a Small Business

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