A corporation is defined as a business owned by individual stockholders. This type of business structure allows for the issuance of stock and is considered a separate legal entity from its owners, providing limited liability protection to its shareholders. Corporations can vary in size and scope, and while they can be large firms, the defining characteristic is their ownership structure and legal status, rather than their size or type of business activities.
What is a corporation?
a business with more than two owners
a business owned by individual stockholders
a large business firm
a business that does international business
1 answer
1 answer