A corporation is a legal entity created through the laws of its state of incorporation, treating a corporation as a legal person that has standing to sue and be sued, distinct from its stockholders.
A corporation is a legal entity created through the laws of its state of incorporation. Individual states have the power to promulgate laws relating to the creation, organization and dissolution of corporations. A corporation is a legal entity created under state law that can open a bank account, purchase property, enter into contracts and operate a business. One of the most important features of a corporation is that its owners are generally not personally liable for the debts of the corporation. A legal entity that is separate and distinct from its owners. Corporations enjoy most of the rights and responsibilities that an individual possesses; that is, a corporation has the right to enter into contracts, loan and borrow money, sue and be sued, hire employees, own assets and pay taxes. C Corporation Law & Legal Definition. This type of general, for-profit corporation is referred to as a “C” corporation (referring to Chapter C in the IRS code). C Corporation merely refers to a regular, state-formed corporation. A corporation is a legal person that can be created under state law. As a person, a corporation has certain rights and obligations, including the right to do business in its own name and the obligation to pay taxes. Corporate Law Law & Legal Definition. Corporate law deals the formation and operations of corporations and is related to commercial and contract law. A corporation is a legal entity created through the laws of its state of incorporation, treating a corporation as a legal person that has standing to sue and be sued, distinct from its stockholders. Corporations, considered in another point of view, are either sole or aggregate. 13. A sole corporation, as its name implies, consists of only one person, to whom and his successors belongs that legal perpetuity, the enjoyment of which is denied to all natural persons. Definition of a Corporation. In general, a corporation is formed under state law by the filing of articles of incorporation with the state. The state must generally date-stamp the articles before they are effective. You may wish to consult the law of the state in which the organization is incorporated. The definition of a corporation is a legal entity with its own rights, privileges and liabilities separate from the members who created it. An example of a corporation is Apple Computer.
https://www.law.cornell.edu/wex/corporations https://www.legalzoom.com/knowledge/corporation/glossary/corporation http://www.investopedia.com/terms/c/corporation.asp http://definitions.uslegal.com/c/c-corporation/ https://www.legalzoom.com/knowledge/corporation/topic/what-is-a-corporation http://definitions.uslegal.com/c/corporate-law/ http://legal-dictionary.thefreedictionary.com/corporation https://www.irs.gov/Charities-&-Non-Profits/Definition-of-a-Corporation http://www.yourdictionary.com/corporation
corporations law definition