discuss the functions of a corporation in short
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corporation is a legal entity that is separate and distinct from its owners. 1 Corporations enjoy most of the rights and responsibilities that individuals possess: they can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes. Some refer to it as a "legal person."
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The primary function of the corporation, as with all business entities, is to create wealth. By generating profits for their shareholders, corporations also help to enrich the greater society at large.
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