Corporation (US law)/Definition: Difference between revisions
Jump to navigation
Jump to search
imported>Nick Gardner No edit summary |
imported>John Dvorak m (Template:Def Corporation moved to Corporation/Definition: move def) |
(No difference)
| |
Revision as of 14:53, 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.