Corporation

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About

A corporation is a legal entity that exists separately from the person(s) who work for it. This separation gives corporations particular legal capabilities unavailable to individuals and other types of organizations.

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Notes

  • Most business (by dollar volume, at least) is presumably conducted by corporations, but business can be conducted by individuals or other types of legal entities.
  • Large corporations tend to spawn a particular kind of thinking which discourages innovation and long-term planning, among other flaws.
  • Most corporations are formed with the intent of seeking profit for their owners.

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