Corporation (US law)/Definition

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Revision as of 21:07, 29 September 2020 by imported>Pat Palmer (shortening the definition)
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https://en.citizendium.org/wiki/index.php?title=Corporation_(US_law)/Definition&printable=yes
A definition or brief description of Corporation (US law).

A legal entity that is distinct from its owners and may employ people, buy and sell assets, and lend or borrow money; it is jointly owned by shareholders, who participate in its profits but are not personally liable for its debts.

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