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Corporation: What It Is and How to Form One - Investopedia
WebJan 3, 2022 · A corporation is a legal entity that is separate and distinct from its owners. Under the law, corporations possess many of the same rights and responsibilities as individuals. They can enter...
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Corporation Definition & Meaning - Merriam-Webster
Web: a corporation (as a bank) authorized to engage in the investment, exchange, or lending of moneyed capital — municipal corporation : a political unit created or otherwise given …
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What is a Corporation? - Various Types and Reasons to Incorporate
WebDec 1, 2022 · A corporation is a legal entity created by individuals, stockholders, or shareholders, with the purpose of operating for profit. Corporations are allowed to enter into contracts, sue and be sued, own assets, remit federal and state taxes, and borrow money from financial institutions.
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Corporation Definition & Meaning | Dictionary.com
WebAug 26, 2011 · corporation / ( ˌkɔːpəˈreɪʃən) / noun a group of people authorized by law to act as a legal personality and having its own powers, duties, and liabilities Also called: municipal corporation the municipal authorities of a city or town a group of people acting as one body See public corporation informal a large paunch or belly
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Corporation | Definition, History, & Facts | Britannica
WebDec 30, 2022 · corporation, specific legal form of organization of persons and material resources, chartered by the state, for the purpose of conducting business. As contrasted with the other two major forms of business ownership, the sole proprietorship and the partnership, the corporation is distinguished by a number of characteristics that make it a …
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Forming a Corporation | Internal Revenue Service - IRS tax forms
WebIn forming a corporation, prospective shareholders exchange money, property, or both, for the corporation's capital stock. A corporation generally takes the same deductions as a sole proprietorship to figure its taxable income. A corporation can also take special deductions. For federal income tax purposes, a C corporation is recognized as a separate taxpaying …
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Corporation - Wikipedia
WebA corporation is an organization—usually a group of people or a company —authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and recognized as such in …
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How To Start A Corporation (2023 Guide) – Forbes Advisor
WebOct 2, 2022 · A corporation is a type of business entity that offers limited liability for owners, the shareholders. Corporations have well-established legal precedents and a uniform management structure, and...
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Corporation advantages and disadvantages — AccountingTools
WebNov 20, 2022 · A corporation is a legal entity, organized under state laws, whose investors purchase shares of stock as evidence of ownership in it. The advantages of the corporation structure are as follows: Limited liability. The shareholders of a corporation are only liable up to the amount of their investments. The corporate entity shields them from any further …
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Definition of a Corporation | Internal Revenue Service
WebJan 5, 2023 · Definition of a Corporation. In general, a corporation is formed under state law by the filing of articles of incorporation with the state. The state must generally date-stamp the articles before they are effective. You may wish to consult the law of the state in which the organization is incorporated.
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