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  3. Corporation: What It Is and How to Form One - Investopedia

    Corporation: A corporation is a legal entity that is separate and distinct from its owners. Corporations enjoy most of the rights and responsibilities that an individual possesses; that is, a ...

  4. Corporation - Wikipedia

    A 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 law for certain purposes. [1] : 10 Early incorporated entities were established by ...

  5. What is a Corporation? - Various Types and Reasons to Incorporate

    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. The creation of a corporation involves a legal process called ...

  6. Corporation Definition & Meaning - Merriam-Webster

    corporation: [noun] a group of merchants or traders united in a trade guild (see guild 1). the municipal authorities of a town or city.

  7. Corporation | Definition, History, & Facts | Britannica

    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 more-flexible instrument for large-scale economic ...

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  8. Definition of a Corporation | Internal Revenue Service

    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. Note that for a corporation to qualify ...

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