noun a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law
In law, a corporation is a legal entity that is created through the laws of a particular state or country, and it has rights and liabilities separate from those of its members.
In finance, corporations often issue stocks and bonds to raise capital for their operations, and they are subject to regulations and reporting requirements.
In the business field, a corporation refers to a legal entity that is separate from its owners and is able to conduct business, enter into contracts, and be held liable for its actions.
In economics, corporations play a significant role in the production and distribution of goods and services, and they contribute to overall economic growth and development.
A writer may form a corporation to manage their book royalties and other income streams.
A psychologist may work for a corporation that provides mental health services to employees.
An accountant may provide services to corporations, helping them with financial reporting and tax compliance.
A lawyer may represent a corporation in legal matters, such as contract negotiations or litigation.
A marketing manager may work for a corporation to develop and implement marketing strategies to promote products or services.