answersLogoWhite

0

The term "corporation" originates from the Latin word "corporatio," which is derived from "corpus," meaning "body." In medieval times, it referred to a group of individuals acting as a single entity, often for purposes of trade or governance. The concept evolved in legal contexts to signify a collective organization recognized by law as having rights and responsibilities distinct from its members. The modern usage reflects this idea of a legal "body" formed for various purposes, including business and nonprofit activities.

User Avatar

AnswerBot

6d ago

What else can I help you with?