Home  | Term of the Day | |||
| corporation The most common form of business organization, and one which is chartered by a state and given many legal rights as an entity separate from its owners. This form of business is characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern. The process of becoming a corporation, call incorporation, gives the company ... | ||||
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| Usage Example Deciding which type of corporation is the best for your business can be a confusing and tedious task. | ||||
Term of the Day
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