Corporation (US law)/Definition: Difference between revisions

From Citizendium
Jump to navigation Jump to search
imported>Nick Gardner
No edit summary
imported>Pat Palmer
(shortening the definition)
Line 1: Line 1:
<noinclude>{{subpages}}</noinclude>
<noinclude>{{subpages}}</noinclude>
In commerce, an organisation  that is jointly owned by  shareholders  who participate in its profits but are not personally liable for its debts. More generally, a legal entity that is  distinct from its owners and may employ people, buy and sell assets, and lend or borrow money.
A legal entity that is  distinct from its owners and may employ people, buy and sell assets, and lend or borrow money; it is jointly owned by shareholders, who participate in its profits but are not personally liable for its debts.

Revision as of 21:07, 29 September 2020

This article is a stub and thus not approved.
 Main Article
 Discussion
Related Articles  [?]
Bibliography  [?]
External Links  [?]
Citable Version  [?]
 
https://en.citizendium.org/wiki/index.php?title=Corporation_(US_law)/Definition&printable=yes
A definition or brief description of Corporation (US law).

A legal entity that is distinct from its owners and may employ people, buy and sell assets, and lend or borrow money; it is jointly owned by shareholders, who participate in its profits but are not personally liable for its debts.

Retrieved from "https://citizendium.org/wiki/index.php?title=Corporation_(US_law)/Definition&oldid=291559"