Corporate Profits
/ˈkɔːrpərɪt ˈprɑːfɪts/
Definitions
- (n.) The net earnings of a corporation after expenses, taxes, and costs, often subject to legal and tax regulations.
The company's corporate profits were scrutinized during the tax audit.
Forms
- corporate profit
Related terms
See also
Commentary
In legal contexts, distinguishing corporate profits from gross revenue is essential for compliance with tax laws and financial reporting standards.
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.