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This is an accepted version of this page This is the latest accepted revision, reviewed on 30 January 2025. Legal entity incorporated through a legislative or registration process For other uses, see Corporation (disambiguation). "Corporate" redirects here. For other uses, see Corporate (disambiguation). "Corp." redirects here. Not to be confused with "Copr.". This article is part of a series ...
A corporation is a company or group of people authorized to act as a single entity (legal person) and recognized as such in law. Commercial corporations can take many forms, including statutory corporations , corporations sole , joint-stock companies , cooperatives and others.
A corporation is a legal entity which consists of a group of people who have formed some association for business, or non-profit purposes, and have been recognized by some public agency as a corporation. There are several types of commercial, and non profit corporations.
A modern corporate office building in Münster, North Rhine-Westphalia, Germany An office building of Nokia Corporation in Hervanta, Tampere, Finland. A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a ...
A business entity is an entity that is formed and administered as per corporate law [Note 1] in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries.
Corporate titles or business titles are given to company and organization officials to show what job function, and seniority, a person has within an organisation. [1] The most senior roles, marked by signing authority, are often referred to as "C-level", "C-suite" or "CxO" positions because many of them start with the word "chief". [2]
A corporate group is composed of companies. The general rule is that a company is a separate legal entity from its shareholders, that is the shareholder's liability for the subsidiary's debts is limited to the value of the shares, [3] and the shareholders cannot be required to perform the company's obligations.
A corporate entity is not excluded from this guideline if it is not-for-profit, state-owned, or a public–private partnership. The guideline, however, does not apply to a band, published work title, etc., that is named as if a corporation but is not one (e.g. Public Image Ltd, Scandal Incorporated, Murder, Inc.).