Corporation - What Is It?

Simply put, a corporation is a form of business entity. You probably already know this, so this article delves into a few of the particulars.

Separate Entity

For legal purposes, a corporation is considered a separate legal entity from those forming it. Although it is not a living person, a corporation generally has the same rights. It can own property, enter contracts and claim constitutional rights. Unluckily, a corporation also must pay taxes like you and me.

Unlike each of us, a corporation can