Form of doing business pursuant to a charter granted by a state or federal government Corporations typically are characterized by the issuance of freely transferable CAPITAL STOCK, perpetual life, centralized management, and limitation of owners' LIABILITY to the amount they invest in the business
A legal entity that is separate and distinct from its owners A corporation is allowed to own assets, incur liabilities, and sell securities, among other things
Form of doing business that provides limited liability to the owners, continuity of operation and centralized management
A legal entity separate from the individuals who own it (called shareholders) There are different types of corporations important to real estate investors and defined elsewhere: Real Estate Investment Trust, S corporation, C corporation, and cooperative corporation
A group of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members
A legal entity, chartered by an U S State or the federal government, and separate and distinct from the persons who own it The courts regard it as an artificial person; it may own property, incur debts, sue or be sued
A business entity treated as a person in the eyes of the law A corporation is allowed to own assets, incur liabilities and sell securities, among other things It is also able to be sued BACK TO TOP
{i} association of individuals legally authorized to act as an individual (Business)
A corporation is a large business or company. multi-national corporations. the Seiko Corporation
A legal entity, allowed by legislation, which permits a group of people, as shareholders (for-profit companies) or members (non-profit companies), to create an organization, which can then focus on pursuing set objectives, and empowered with legal rights which are usually only reserved for individuals, such as to sue and be sued, own property, hire employees or loan and borrow money Also known as a "company " The primary advantage of for profit corporations is that it provides its shareholders with a right to participate in the profits (by dividends) without any personal liability because the company absorbs the entire liability of the organization
>> An artificial person or legal entity created by or under the authority of the law of a state May have limited liability, perpetual life, freely transferable shares and centralized management
the most common form of organizing a business the organization's total worth is divided into shares of stock, and each share represents a unit of ownership and is sold to stock holders A corporation is considered a separate entity from the stockholders for legal and tax purposes Examples of corporations: Pepsi Cola, Intel, The Gap
A legal entity, chartered by a U S state or the federal government, and separate and distinct from the persons who own it It is regarded by the courts as an artificial person; it may own property, incur debts, sue or be sued
A legal entity chartered by a state; ownership is represented by transferable shares of stock
A body politic or corporate, formed and authorized by law to act as a single person, and endowed by law with the capacity of succession; a society having the capacity of transacting business as an individual
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