Corporation: Definition, Types, Advantages, and Legal Considerations
A corporation is a legal entity separate from its owners, offering limited liability, perpetual existence, and the ability to raise capital through stock issuance. As one of the most structured forms of business organization, corporations are essential for large-scale operations, providing financial security and operational flexibility. This article explores the key features, types, benefits, challenges, and legal considerations of corporations.
1. What Is a Corporation?
A corporation is a business entity that is legally distinct from its owners (shareholders).… Read more