Commercial Corporation
/kəˈmɜːrʃəl ˌkɔːrpəˈreɪʃən/
Definitions
- (n.) A corporation established to conduct business activities for profit, typically recognized as a legal entity separate from its owners.
The commercial corporation filed its annual report in compliance with state regulations.
Forms
- commercial corporation
- commercial corporations
Related terms
See also
Commentary
Term generally denotes profit-driven corporations; distinguish from nonprofit or governmental corporations in legal drafting.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.