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What is a 'corporation'?

Updated: 9/14/2023
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Wiki User

15y ago

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Lance Corporal is a military rank, used by many armed forces worldwide, and also by some police forces and other uniformed organizations. It is below the rank of Corporal, and is typically the lowest Non-commissioned officer. Now, that is the difition but the lance corporals that I have seen were in the Marines. The Army has the Private first class insted. They both have the paygrade E3.

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Douglas Powlowski

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1y ago
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Alyce Corkery

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1y ago

Lance Corporal is a military rank, used by many armed forces worldwide, and also by some police forces and other uniformed organizations. It is below the rank of Corporal, and is typically the lowest Non-commissioned officer. Now, that is the difition but the lance corporals that I have seen were in the Marines. The Army has the Private first class insted. They both have the paygrade E3.

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Garfield Gislason

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3y ago

A corporation is a legal entity registered with the state in which it is formed. A corporation is owned by stockholders (the people who buy shares of stock issued by the corporation). The stock of a public corporation can be purchased by anyone through the stock exchange where the corporation is listed. This is simple. It is an economical society of pupils/ adults, working together as a cooperation team.

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Kieyana Brigade

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4y ago

a company that is recognized by the state as a person and is given certain rights

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6y ago

A corporation is a legal entity registered with the state in which it is formed. A corporation is owned by stockholders (the people who buy shares of stock issued by the corporation). The stock of a public corporation can be purchased by anyone through the stock exchange where the corporation is listed. This is simple. It is an economical society of pupils/ adults, working together as a cooperation team.

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Anonymous

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3y ago
BUY PEPSI

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shoncartorqa

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3y ago

A corporation is a legal entity that is separate and distinct from its owners.

Corporations enjoy most of the rights and responsibilities that individuals possess: they can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes. Some refer to it as a "legal person."

The biggest advantage of having a corporation type of business is these shareholders may take part in the profits through dividends and stock appreciation but are not personally liable for the company's debts.

Almost all well-known businesses are corporations, including Microsoft Corporation, the Coca-Cola Company, and Toyota Motor Corporation.

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Pj Kingzzz

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3y ago

a business that is recognized by the state as a person and is given certain rights

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15y ago

1. A body that is granted a charter recognizing it as a separate legal entity having its own rights, privileges, and liabilities distinct from those of its members.

2. Such a body created for purposes of government. Also called body corporate.

3. A group of people combined into or acting as one body.

4. Informal. A protruding abdominal region; a potbelly.

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Related questions

Examples of a corporation?

general corporation Close corporation Limited Liability Corporation


What is corporation in a sentence?

The corporation exists to make a profit. The generosity of the corporation is admirable. The corporation has great benefits for their employees.


What is a Delaware corporation?

A Delaware corporation would be a corporation that is incorporated in the state of Delaware.


When a corporation receives a dividend from another corporation how is it taxed?

Dividends are income to the receiving corporation. If it is a sub-chapter S corporation, it is income to the shareholders, as is any other income of the corporation.


Who are the creditors of a corporation?

Bondholders are creditors of a corporation; they have loaned the corporation money and received bonds as evidence of the corporation's. Stockholders, both common and preferred, are owners of a corporation. (STOCKHOLDERS ARE NOT THE CREDITOR)


Who is responsible for the debt of a corporation?

the corporation


Is UFC a Corporation?

Yes. It is a corporation


Is Nike a corporation or franchise?

corporation


Who is responsible for a corporation debt?

the corporation


Why to have corporation?

A corporation shields one from personal liability. A corporation can keep ownership confidential. A corporation may have income tax advantages.


What is the difference between a public corporation a private corporation and a crown corporation?

"Public Corporation" can refer to a corporation that offers shares on the public market, or it can refer to a corporation that is owned by the government. Similarly, "Private Corporation" can refer to any corporation that is not government owned, or a corporation that does not list its shares on public share markets. A "crown corporation" is one that is owned by the government. This term is more widely used in UK, some Commonwealth countries and other monarchies.


Who are the main creditors of a corporation?

Bondholders are creditors of a corporation; they have loaned the corporation money and received bonds as evidence of the corporation's. Stockholders, both common and preferred, are owners of a corporation. (STOCKHOLDERS ARE NOT THE CREDITOR)