what is a corporation?

Tom Romer: a corporation doesn't have to be a big multi million dollar company....there are full corporations and limited liability corporations....'Incorporation' is the legal process whereby a 'corporation' is created. A corporation is a legal entity and is often referred to as an 'artificial person.' The corporation has an existence separate and apart from the person or persons who were involved in having it created. A corporation is often created for the purpose of carrying on a business, but can also be created for the purpose of carrying on some other worthwhile activity, such as a charity, an educational institution, a social organization, a policy advocacy group, etc. 'Incorporated' has a corresponding meaning, i.e., a corporation is incorporated by the process of incorporation...Show more

Dee Depung: a corporation is basically a group of people within a business or other organization who are legally independent from the rest of the organization. a corporati! on is actually legally considered a person.however, in common speech, when people use the word "corporation," they are referring to a limited responsibility corporation, which is a business firm where each of the partners invest a sum of money in as the capital of the corporation. they receive shares as recognition of the sum they have invested. if the company goes bankrupt, the business partners are responsible of only the name value of their shares, not their whole own personal property, of the company's debts.a corporation is advantageous against a small business because the members can take risks and usually do not end up getting hurt; the company gets hurt, but the corporate members are fine because they are legally independent from the rest of the company.personally, i do not think corporations are good because those who own the company are different people than those who manage it (the members of the corporation). this is bad because if the corporation doesn't own th! e company, they don't care about it as much, so they may not m! anage it well.because corporations are legally independent from the company, in order to form a corporation, one must get a charter granted by a government; this governments are usually state, provincial, or national governments, but corporations still occasionally get charters from different types, such as city or county governments....Show more

Rufus Plough: This blog post helps explains the "s corporation" model... hope this helps!http://briggslawgroup.com/blog-items/lawyer-mark-b...

Mario Stricklan: A corporation is an ingenious way of having a small few run the operation, but having no one take any real blame when they mess up

Donnell Mollo: Dear, I suggest u see http://ebiznus.com/ for this.I hope this will be resolving your problem you can also browse more for this on answers.yahoo.com but i think you better look at what i suggested instead of wasting ur time.Best of luck.

Moises Rupinski: USA is a corporation, and u need a president to run th! e corporation.then u ask: who owns the USA corporation? USA is crown colony, so that means the 3 "crown" city states own it: DC, vatican city, & london city state.the crown consists of 13 most powerful families in the world(aka part of the illuminati)....Show more

Dick Maisenbacher: A corporation, an artificial being created by operation law having the tights of successions and the powers, attributes or properties expressly authorized by law or incident to its existence. It has to be with at least five owners/incorporators.