Corporation

What is Corporation?

Corporation meaning A company legally separate from the stockholders who own it and the managers who run it. A corporation offers these advantages: (1) Limited liability, which means that stockholders’ responsibility for the company’s debts is limited to their investment in its stock; (2) long life, which means a corporation continues to exist whenever its stockholders or managers change; (3) easily transferable ownership, which means that stockholders can easily sell their ownership shares in the stock market (unless it is a private company).

 

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