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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