What Is a Corporation? 2024 Definition and Types
Corporations are businesses that are treated like individual people by the law. A corporation can own assets, hire employees, sign contracts, and exercise individual rights. In this post, learn the full definition of a corporation, including how corporations are formed and how they operate. What is a corporation? A corporation is a type of business that the law treats like a single person. This means a corporation can do things like buy a car, sign a deal with a supplier,…