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 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.
A form of business organization created under provincial or federal statutes which has a legal identity separate from its owners. The corporation's owners (shareholders) have no personal liabilities for its debts.
A form of business organization legally created under provincial or federal statutes which has a legal identity separate from its owners. The corporation's owners shareholders debts only to the extent of their investment, which is called limited liability.