what is copertion? explain in detail.
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A corporation is a legal entity created by individuals, stockholders, or shareholders, with the purpose of operating for profit. Corporations are allowed to enter into contracts, sue and be sued, own assets, remit federal and state taxes, and borrow money from financial institutions.
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corporation definition :formed into an association and endowed by law with the rights and liabilities of an individual : incorporated. b : of or relating to a corporation a plan to reorganize the corporate structure.
A 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.
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