Corporations
/ˌkɔːrpəˈreɪʃənz/
Definitions
- (n.) Legal entities formed to conduct business, recognized as separate from their owners with rights and liabilities distinct from those of their members.
The corporations filed their annual reports with the state.
Forms
- corporation (singular)
Related terms
See also
Commentary
Typically treated as separate legal persons, corporations enable limited liability and perpetual existence; drafting should distinguish clearly between types (e.g., public vs. private) and jurisdictions.
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.