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Learn about different business structures, how to choose one and what you need to do if you change your business structure.
corporation A corporation is an entity that acts as a single, fictional person. Much like an actual person, a corporation may sue, be sued, lend, and borrow. Additionally, a company which has been incorporated can easily transfer ownership through stock sales and exist indefinitely.
Definition of corporation noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Most of us think of corporations as companies — Amazon is one, Kellogg another, Disney a third. In reality, a corporation has a very particular legal meaning: it's a company that registers with a state government such that it has the same rights and responsibilities as a person.
Business structures vary based on how liability is allocated and how taxes are treated. Common types include sole proprietorships, partnerships, LLCs, and corporations.
A corporation is a group of persons that sit together to make and run a business. This business is considered an entirely different human and unrelated to the group that manages it.
Jan 12, 2024 · When starting a business, you need to set up the proper legal structure. Learn about your options and how to choose a structure.
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