Corporation (US law)/Definition: Difference between revisions

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In commerce, an organisation  that is jointly owned by  shareholders  who participate in its profits but are not personally liable for its debts. More generally, a legal entity that is  distinct from its owners and may employ people, buy and sell assets, and lend or borrow money.
A legal entity that is  distinct from its owners and may employ people, buy and sell assets, and lend or borrow money; it is jointly owned by shareholders, who participate in its profits but are not personally liable for its debts.

Revision as of 22:07, 29 September 2020

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https://en.citizendium.org/wiki/index.php?title=Corporation_(US_law)/Definition&printable=yes
A definition or brief description of Corporation (US law).

A legal entity that is distinct from its owners and may employ people, buy and sell assets, and lend or borrow money; it is jointly owned by shareholders, who participate in its profits but are not personally liable for its debts.

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