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A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private ...
A limited liability company: "A company—statutorily authorized in certain states—that is characterized by limited liability, management by members or managers, and limitations on ownership transfer", i.e., L.L.C. [10] LLC structure has been called "hybrid" in that it "combines the characteristics of a corporation and of a partnership or ...
Some corporations, both public and private sector, are formed by Royal Charter or Act of Parliament. A special type of corporation is a corporation sole, which is an office held by an individual natural person (the incumbent), but which has a continuing legal entity separate from that person.
A multinational corporation (MNC) is usually a large corporation incorporated in one country that produces or sells goods or services in various countries. [20] Two common characteristics shared by MNCs are their large size and centrally controlled worldwide activities. [21] Importing and exporting goods and services
Separate legal personality of the corporation (access to tort and contract law in a manner similar to a person) Limited liability of the shareholders (a shareholder's personal liability is limited to the value of their shares in the corporation) Transferable shares (if the corporation is a "public company", the shares are publicly listed and ...
A typical corporate structure consists of various departments that contribute to the company's overall mission and goals. Common departments include Marketing, Finance, Operations management, Human Resource, and IT.
This is especially true with constantly morphing, multinational corporations -- where mergers, acquisitions, complicated marketing structures and brand portfolios make it difficult for a CEO to ...
Corporate personhood or juridical personality is the legal notion that a juridical person such as a corporation, separately from its associated human beings (like owners, managers, or employees), has at least some of the legal rights and responsibilities enjoyed by natural persons.