Business corporation  From Wikipedia, the free encyclopedia
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business corporation is a for-profit firm that is incorporated
or registered under the corporate or company law of a state. The
four defining characteristics of the modern corporation are:[1]
In many developed countries outside of the English speaking
world, company boards are appointed as representatives of both
shareholders and employees to "codetermine" company strategy.[2]
Corporate law is often divided into corporate governance (which
concerns the various power relations within a corporation) and
corporate finance (which concerns the rules on how capital is
used).   The word "corporation" is generally synonymous with
large publicly owned companies in United States. In United
Kingdom, "company" is more frequently used as the legal term for
any business incorporated under the Companies Act 2006. Large
scale companies ("corporations" in business terminology in the
US sense) will be PLC