Definitions for "Corporation or Company"
a legal entity, incorporated under federal or provincial legislation, which permits a group of people, as shareholders, to create an organization which can then focus on a business undertaking
a separate legal entity which exists independent of the shareholders or members
A form of business organization created under provincial or federal laws that has a legal identity separate from its owners. The shareholders are the corporation's owners and are liable for the debts of the corporation only up to the amount of their investment. This is known as limited liability.