What is a Corporation? - Various Types and Reasons to Incorporate
https://corporatefinanceinstitute.com/resources/accounting/what-is-corporation-overview/
WebWritten by CFI Team. What is a Corporation? A corporation is a legal entity created by individuals, stockholders, or shareholders, with the purpose of operating for profit. Corporations are allowed to enter into contracts, sue and be sued, own assets, remit federal and state taxes, and borrow money from financial institutions.
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