Corporation (US law)/Definition: Difference between revisions
Jump to navigation
Jump to search
imported>John Dvorak m (Template:Def Corporation moved to Corporation/Definition: move def) |
imported>John Dvorak m (subpages) |
||
| Line 1: | Line 1: | ||
<noinclude>{{subpages}}</noinclude> | |||
A commercial organisation that is jointly owned by shareholders who participate in its profits but are not personally liable for its debts. A corporation is legally distinct from its owners and may employ people, own assets and lend or borrow money. | A commercial organisation that is jointly owned by shareholders who participate in its profits but are not personally liable for its debts. A corporation is legally distinct from its owners and may employ people, own assets and lend or borrow money. | ||
Revision as of 14:54, 14 May 2008
A commercial organisation that is jointly owned by shareholders who participate in its profits but are not personally liable for its debts. A corporation is legally distinct from its owners and may employ people, own assets and lend or borrow money.