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.
A legal entity (or "company"), allowed by legislation, which permits a group of people, as shareholders (for-profit companies) or members (non-profit companies), to create an organization, which then focuses on pursuing set objectives. It is legally an entity empowered with legal rights which are usually only reserved for individuals, such as the right to sue and be sued, to own property, hire employees, or loan and borrow money. 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 or corporation absorbs the entire liability.
A form of ownership in which a separate legal entity is created, which is governed by a particular state's corporate laws. A corporation has continuity of life and is not dependent on any one stockholder for maintaining its legal existence. The liability of a stockholder is limited to what it paid for its shares. There is, however, the potential for Double Taxation in the corporate form of organization. The first time at the corporate level and again at the stockholder level because the corporation is taxed on its income and stockholders are taxed on dividends.
In forming a corporation, prospective shareholders transfer 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. The profit of a corporation is taxed to both the corporation and to the shareholders when the profit is distributed as dividends. However, shareholders cannot deduct any loss of the corporation. close window
C-Corporation is a separate legal entity that can shield the owners from personal liability and company debts. As a separate entity, it can buy real estate, enter into contracts, sue and be sued completely separate from its owners. Also, money can be raised easier via the sale of stock; its ownership can be transferred via the transfer of stock; the duration of the corporation is perpetual (the business can continue regardless of ownership); and tax advantages can be considerable (i.e. you are able to deduct many business expenses, healthcare programs, etc.). Income is reported completely separate via a tax return for the corporation.
A legal entity that exists separately from the owners. Legally, a corporation is like a person: It can be sued, own property, or acquire debts. Setting up a corporation is expensive initially, but is usually well worth it if you are going to be in business for a while. Corporations come in many forms and many times offer better tax advantages and liability reduction than other legal structures.
The most common form of business organization, in which the total worth of the organization is divided into shares of stock, each share representing a unit of ownership. A corporation is characterized by a continuous life span and the limited liability of its owners.
An entity authorized by state law that permits a business to organize as a separate legal entity from its owners. The primary advantage of a corporation is that it acts as a shield against personal liability for its owners.
The most common form of business organization, and one which is chartered by a state and given many legal rights as an entity separate from its owners. Characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern. see also aggregate corporation, Board of Directors, closed corporation, closely held, commercial paper, company, conglomerate, incorporation, corporate trust, director, dissolution, domestic corporation, Federal Deposit Insurance Corporation, Federal Home Loan Mortgage Corporation, firm, foreign corporation, joint stock company, National Association of Investors Corporation, National Securities Clearing Corporation, Options Clearing Corporation, nonstock corporation, quasi-public corporation, S Corporation, Securities Investor Protection Corporation, Stock Clearing Corporation, takeover.
Another term for company. An association of individuals forming a legal entity and sharing rights and obligations separate from those of individuals. The term often refers to public sector enterprises that engage in business activities.
An entity with the legal authority granted by a state to act as a single person distinct from the individual shareholders who make up the corporation. A corporation has the right to issue stock and exist in perpetuity.
A legal entity, chartered either by an individual state or the federal government, which is separate and distinct from its officers, directors, and stockholders. The charter is the "birth certificate" of the corporation. It can own property, incur debts, sue and be sued. There are three distinct advantages: limited liability (owners can lose only what they invest), easy transfer of ownership (through the sale of stock), and continuity of existence
A company authorized to act as a single entity (legally, as a person), having rights, privileges and responsibilities distinct from those of the individuals within the entity. A corporation has four major characteristics: limited liability, easy transfer of ownership through the sale of stock, continuity of existence and centralized management. Most large firms today are organized as corporations. (Compare Partnership, Sole proprietorship.) View LEI Lesson(s) that address this term
A corporation is a business enity in its own right. This means it can act as a person in the eyes of the law. It is formed under a charter issued by any state in the United States. It is owned by stockholders whose liability is only for the value of the stock they purchased. They are governed by a board of directors who are elected by vote of the stockholders. The board of directors hires managers who actually run the day to day operations of the corporation.
An entity formed by business associates to conduct a business venture and divide profits among investors. It files a charter or articles of incorporation in a state, draws up bylaws, issues stock, and has its affairs managed by a board of directors.
An entity formed and authorized by law to act as a single person although made up of one or more persons and legally given the power of various rights and duties including the capacity of succession. Often medical practices are incorporated to limit certain types of liability.
An artificial legal entity created by government grant and endowed with certain powers; a voluntary organization of persons, either actual individuals or legal entities legally bound together to form a business enterprise.
A form of business organization in which the total worth of the organization is divided into shares of stock, each share representing a unit of ownership. By law, it has certain rights and responsibilities. It is characterized by a continuous life span and the limited liability of the owners.
A business, professional or other entity recognized in law to act as a single legal "person," although composed of one or more natural persons, endowed by law with various rights and duties including the right of succession.
A company consisting of a group of persons, perceived by the law as a legal entity which acts on the basis of Articles of Incorporation and can conduct business as a separate entity, similar to how private individuals act as businessmen and partners.
A body that is granted a charter recognizing it as a separate legal entity having its own rights, privileges and liabilities distinct from those of its members. The primary advantage of a corporation is to shield its investors from personal liability for any losses the corporation may experience.
An incorporated business registered with a provincial or federal agency as a legal entity separate from the owner. Family corporation: an incorporated business operation where an individual or members of a family owns the majority of the corporation shares. Non-family corporation: an incorporated business operation where a group of unrelated individuals owns the majority of the corporation shares.
A corporation is a fictitious legal entity (or person) that has rights and duties independent of the rights and duties of real persons and is legally authorized to act in its own name through duly appointed agents. It is liable for debts and can make contracts and pay taxes. Corporations exist only because state statutory laws allow them to be created.Companies may be registered as C-Corporations, S-Corporations, or Limited Liability Corporations (LLC).
Legal entity formed under the authority of either provincial or federal statues usually formed to make a profit. Liabilities of shareholders (owners) are generally limited to the amount of their investment. The name of a corporation ends with Limited, Ltd., incorporated, Inc., Corporation or Corp.
A corporation is an artificial being, invisible, intangible, and existing only in contemplation of law. Being the mere creature of law, it possesses only those properties, which the charter of its creation confers upon it, either expressly or as incidental to its very existence.
A legal designation given to a company recognized as its own entity, independent of its directors and founders. Because everyone within a corporation is an employee, no single individual is liable for the company's debt of failure. Corporations issue stocks and bonds.
A separate entity created by law. Investors in the corporation hold shares of stock. The corporation benefits from any profits generated and is responsible for any losses received. Shareholders may receive dividends on stock and incur any appreciation or depreciation on the sale of their shares of stock. Shareholders are not liable for any debts incurred by the corporation. Creditors can attach a shareholder's shares in the corporation.
A form of business organization in which the business is a legal entity separate from its owners and employees. Corporations can act, own property, or have claims brought against them in their own name, as compared, for example, to a sole proprietorship, in which all legal benefits and liabilities (even where a business name is used) are personal to the owner.
A legal entity that has been granted authority by a state that allows the corporation to act as if it was a person that is distinct from the shareholders who own the corporation. Corporations may issue stock and exist beyond the lifespan of its shareholders.
A corporation is: a separate legal entity created by the act of incorporation under the Alberta Business Corporations Act, the Canada Business Corporations Act, or some other statute capable of making contracts in its own right and performing all the acts necessary for the operation of the business, and commonly called a limited company. When a corporation is struck from the Corporate Registry it ceases to exist as a corporation relative to the legislation under which it is registered. That corporation ceases to be an employer under the Act.(Source: Policy 06-01)
The Waterfront Development Corporation. DEVELOPMENT ACTIVITY. Any alteration, new construction or demolition of a structure, a change in business identification signs, a change in the use of a property, or the construction of public parking or other publicly accessible area.
Type of company, created under federal or provincial legislation, which is legally separate and distinct from its shareholders. The shareholders' responsibility for the corporation's debts cannot exceed their invested capital.
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.
group of individual legal ly empowered to transact business as one body. [D02574] RMW company or business formed by law in which shares of stock are offer ed as an incentive for investment. [D02575] PMDT
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.
One of the three basic forms of business organization (the other two being proprietorship and partnership). A corporation is a business established through ownership shares (termed corporate stock). A corporation is considered a distinct legal person which can be sued, forced to pay taxes, etc., just like a human person. Unlike proprietorships and partnerships, a corporation exists separately from it's owners. As such, the owners have what is termed limited liability. Owners can not be held personally responsible for corporate debts. They owners can only lose the value of their ownership shares, but no more.
An artificial person or legal entity created by or under the authority of the laws of a state, consisting of an association of numerous individuals; regarded in law as having a personality and existence distinct from that of its several members, and which is, by the same authority, vested with the capacity of continuous succession, irrespective of changes in its membership, either in perpetuity or for a limited term of years, and of acting as a unit or single individual in matters relating to the common purpose of the association, within the scope of the powers and authority conferred upon such bodies by law.
ssociation of people in a group that has powers and liabilities as defined by law. Individuals in the group are generally considered to be united as officials and/or owners. Corporate means united or combined into one; therefore, the term corporate ownership means the legal right of possession of a group of individuals as one body.
a business owned by two or more people (stockholders) who risk only the money they invest. Their share in the company is reflected by the stocks they hold. A corporation operates separate from its owners and has rights and responsibilities just like a person. Owner risk is no more than what the stockholder has invested. Wal-Mart and Kellogg are corporations.
A legal entity authorized to carry on business. A public corporation has shares that trade on stock markets; any person or company can buy or sell these shares. A private corporation also has shares, but outsiders cannot buy them without an offer from an existing owner.
A group of persons granted a state charter legally recognizing them as a separate entity having its own rights, privileges, and liabilities distinct from those of its members. The process of incorporating should be completed with the state's secretary of
A separate legal entity owned by its shareholders whose ownership interests are represented by shares of stock. Also see “Limited liability company,” “Limited partnership,” “Partnership,” “Sole proprietorship,” and “Subchapter S corporation.
The most common form of business organization. Corporations are chartered by a state and given many legal rights as an entity separate from its owners. This form of business is characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern. The process of becoming a corporation (“incorporation”), gives the company separate legal standing from its owners and protects those owners from being personally liable in the event that the company is sued or cannot meet its obligations. Incorporation also provides company founders with a flexible way to share ownership and sets up a separate entity for tax purposes.
A business entity which is owned by shareholders who decide on the general policies of the company through their elected board of directors. A corporation is a separated legal entity and therefore has the right and liabilities of an individual. Shareholders do not share directly in the income of a corporation, but they may receive Dividends.
One or more individuals (determined by local law) organized and treated by law as having a legal individuality distinct from that of its several members; vested with the capacity of continuous succession irrespective of changes in its membership. (A stockholder of a corporation is usually not liable to creditors of a corporation).
A form of ownership in which a separate legal entity is created. A corporation may sue or be sued, engage in contracts and acquire property. It has a continual life and is not dependent on any one shareholder for maintaining its legal existence. Shareholders who enjoy the privilege of limited liability own a corporation. There is, however, the potential for double taxation in the corporate form of organization â€“ the first time at the corporate level in the form of profits, and again at the shareholder level in the form of dividends.
An entity or organization created by operation of law whose rights of doing business are essentially the same as those of an individual. The entity has continuous existence until dissolved according to legal procedures.
A fictitious legal entity/person which has rights and duties independent of the rights and duties of real persons and which is legally authorized to act in its own name through duly appointed officers. It is owned by shareholders. Usually created under the authority of state law.
A form of business authorized by federal, provincial, or territorial law to act as a separate legal entity. Its purpose and regulations are set out in its article of incorporation. One or more persons may own a corporation.
A legal entity created by the registration of appropriate incorporating documents with the supervising government office. May be private (ownership held by specific individuals and not traded on a public stock exchange) or public (shares traded on stock exchange). Shareholders are protected from liability for the actions of the corporation. Corporations may enter contracts and own property.
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 type of business organization that exists separately from its owners. A corporation has a charter giving it legal rights and responsibilities that protect its owners by limiting their potential obligation and losses. Corporations raise capital and distribute ownership by selling shares of stock.
A business organization chartered by a state secretary as a recognized legal institution of and by itself and operated by an association of individuals, with the purpose of ensuring perpetuity and limited financial liability.
A form of legal entity created under state law. This entity is treated much like an individual under law, and therefore, the term "person" in law usually means both individuals and corporations. Corporations are governed by their Articles of Incorporation and Bylaws.
A legal entity chartered by a state or the federal government and is separate and distinct from the persons who own it. A corporation is considered an artificial person--it may own property, incur debts, sue or be sued. Some distinguishing features of corporations are: * Ownership is held by stockholders who have limited liability--that is, they can only lose what they invest. * Transfer of ownership is accomplished through the sale of stock shares. * Perpetual existence (unless ended through bankruptcy, a merger, tender or takeover). See: Bylaws; Corporate Charter; Corporate Resolution; Limited Liability
A form of business authorized by federal, provincial, or territorial law to act as a separate legal entity. Its purpose and regulations are set out in its article of incorporation. A corporation may be owned by one or more persons.
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.
America's modern method of organizing and financing large enterprises, corporations, were rare before the Civil War. There was a strong cultural bias against corporations in the early nineteenth century, and chartering corporations often required a special act by a state legislature.
The most common form of business organization. The total worth of the organization is divided into shares of stock, each representing a unit of ownership. A corporation is ongoing and the owners face only limited liability.
Form of business ownership that is a legal entity on its own and puts stockholders and the board of directors in control. Owners have limited liability for the corporation's actions. A corporation has unlimited life and in most cases is taxed as an entity on its own.
A legal structure authorized by state law that allows a business to organize as a separate legal entity from its owners. A nonprofit is often referred to as an "artificial legal person," meaning that, like an individual, it can enter into contracts, sue and be sued and do the many other things necessary to carry on a business. One advantage of incorporating is that a corporation's owners (shareholders) are legally shielded from personal liability for the corporation's liabilities and debts (unpaid taxes are often an exception). In theory, a corporation can be organized either for profit-making or nonprofit purposes. Most profit-making corporations are known as C corporations and are taxed separately from their owners, but those organized under subchapter S of the Internal Revenue Code are pass-through tax entities, meaning that all profits are federally taxed on the personal income tax returns of their owners.
The most common form of business organization. Corporation is a legal entity created through the laws of its state of incorporation and given many legal rights as an entity, separate from its owners. Characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and perpetual existence. The law treats a corporation as a legal "person" that has standing to sue and be sued, distinct from its stockholders. The legal independence of a corporation prevents shareholders from being personally liable for corporate debts. Although corporations have a double taxation problem (both corporate profits and shareholder dividends are taxed), corporate profits are taxed at a lower rate than rates for individuals.
A corporation is a legal entity which, while being owned collectively by a number of natural persons or other legal entities, can exist completely separately from them. This separation gives the corporation unique powers which other legal entities lack. The extent and scope of its status and capacity is determined by the law of the place of incorporation.
In feudal Europe, corporations were aggregations of business interests in compact, usually with an explicit license from city, church, or national leaders. These functioned as effective monopolies for a particular good or labor.
Corporation (Cyber-Cop in North America) is a computer game for the Atari ST and Commodore Amiga, later ported to the Sega Mega Drive/Genesis. It was developed for Core Design and Dementia Productions by Bill Allen with graphics and design by Kevin Bulmer. The Sega version was published by Virgin Games.
The Corporation is a nightclub in Sheffield, England. Originally based in the north of the city centre, near Castle Market, it moved to the former Unit nightclub in the Devonshire Quarter in the early 2000s and currently resides on Milton Street.
A complete schedule is available upon request. Compiled list names and addresses derived from directories, newspapers, public records, retail sales slips, trade show registrations, etc., to identify groups of people with something in common.