Corporation definition: Copy, customize, and use instantly
Introduction
The term "Corporation" refers to a legal entity that is separate and distinct from its owners, with the ability to enter into contracts, sue and be sued, and engage in business activities. It is essential for clarifying the legal structure, liability, and obligations of the business entity.
Below are various examples of how "Corporation" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Corporation" as a legally recognized entity
This definition ties "Corporation" to legal recognition.
"Corporation" means a legal entity that is formed under the laws of a specific jurisdiction, with its own rights, privileges, and liabilities, separate from those of its shareholders, officers, and directors.
Definition of "Corporation" as a business organization
This definition links "Corporation" to business organization.
"Corporation" refers to a business organization that is incorporated under applicable laws, and that can engage in activities such as entering into contracts, holding property, and conducting business operations.
Definition of "Corporation" as a company with legal status
This definition connects "Corporation" to legal status.
"Corporation" means a company or organization that has been legally formed and recognized by the state, with the ability to operate as a separate legal entity from its shareholders or members.
Definition of "Corporation" as a body corporate
This definition ties "Corporation" to a corporate body.
"Corporation" refers to a body corporate, a legal entity created by state or federal law, with the ability to own assets, incur liabilities, and enter into agreements as a separate entity.
Definition of "Corporation" as a separate legal entity
This definition links "Corporation" to its separate legal identity.
"Corporation" means a separate legal entity formed under law, which possesses its own identity distinct from that of its shareholders, directors, and officers, and is subject to specific regulations and responsibilities.
Definition of "Corporation" as a business entity governed by corporate law
This definition connects "Corporation" to corporate law.
"Corporation" refers to a business entity that is governed by corporate law, which grants it the legal ability to engage in commercial activities, manage assets, and enter into binding agreements.
Definition of "Corporation" as an incorporated business entity
This definition ties "Corporation" to inCorporation.
"Corporation" means an incorporated business entity formed under applicable state or federal law, with the ability to operate independently of its owners and with certain rights, such as limited liability.
Definition of "Corporation" as a for-profit entity
This definition links "Corporation" to a for-profit purpose.
"Corporation" refers to a for-profit entity organized for the purpose of conducting business, generating revenue, and providing goods or services, with legal recognition and protections under corporate law.
Definition of "Corporation" as a private company
This definition connects "Corporation" to its private status.
"Corporation" means a private company or entity that is incorporated under state or federal law, typically owned by a limited number of shareholders, and whose shares are not publicly traded.
Definition of "Corporation" as a public company
This definition ties "Corporation" to its public status.
"Corporation" refers to a public company that has been formed under the laws of a jurisdiction, with its shares available for public trading on stock exchanges, and subject to specific regulatory requirements.
Definition of "Corporation" as a legal structure for business operations
This definition links "Corporation" to its function as a business structure.
"Corporation" means a legal structure created to conduct business operations, providing benefits such as limited liability, continuity of existence, and the ability to enter into contracts in the name of the Corporation.
Definition of "Corporation" as a company with limited liability
This definition connects "Corporation" to limited liability.
"Corporation" means a company that provides its shareholders with limited liability protection, where the personal assets of the shareholders are generally not at risk for the company's debts or obligations.
Definition of "Corporation" as a legally incorporated organization
This definition ties "Corporation" to legal inCorporation.
"Corporation" refers to an organization that has been legally incorporated under the laws of a jurisdiction, granting it distinct legal rights and responsibilities.
Definition of "Corporation" as an entity established for specific business purposes
This definition links "Corporation" to business purpose.
"Corporation" means an entity established for specific business purposes, with a formal structure that includes shareholders, a board of directors, and officers, to operate under the rules and regulations set by corporate law.
Definition of "Corporation" as a business entity with perpetual existence
This definition ties "Corporation" to perpetual existence.
"Corporation" refers to a business entity that has perpetual existence, meaning it continues to exist even if ownership or management changes, and its existence is not dependent on the status of its shareholders or officers.
Definition of "Corporation" as a business entity with separate legal existence
This definition ties "Corporation" to its separate legal status.
"Corporation" means a business entity that exists as a separate legal entity from its owners, providing distinct rights and responsibilities, including the ability to enter into contracts, own property, and sue or be sued.
Definition of "Corporation" as an entity with distinct ownership and management
This definition links "Corporation" to ownership and management.
"Corporation" refers to an entity with distinct ownership and management structures, typically composed of shareholders, directors, and officers who govern and operate the company.
Definition of "Corporation" as a company created by charter
This definition connects "Corporation" to its creation by charter.
"Corporation" means a company that is formed through a formal charter granted by the state, conferring it with legal recognition and the ability to act as a separate entity from its owners.
Definition of "Corporation" as a tax-paying entity
This definition ties "Corporation" to its tax obligations.
"Corporation" refers to a business entity that is required to file taxes as an independent entity, distinct from its owners, and subject to corporate tax rates and regulations.
Definition of "Corporation" as a legally recognized business structure
This definition links "Corporation" to its role as a business structure.
"Corporation" means a legally recognized business structure that allows for limited liability for its shareholders, perpetual existence, and other rights typically granted under corporate law.
Definition of "Corporation" as an entity with the ability to issue shares
This definition connects "Corporation" to its share issuance capabilities.
"Corporation" refers to an entity with the legal ability to issue shares of stock to raise capital, and whose ownership is divided among shareholders who hold the Corporation’s stock.
Definition of "Corporation" as a separate and autonomous business entity
This definition ties "Corporation" to its autonomy.
"Corporation" means a separate and autonomous business entity, operating independently from its founders, with its own set of legal rights and obligations under the law.
Definition of "Corporation" as an organization with stockholder ownership
This definition links "Corporation" to stockholder ownership.
"Corporation" refers to an organization where the ownership is held by stockholders who possess shares in the company, providing them with specific rights, such as voting rights and a share of profits.
Definition of "Corporation" as a separate entity for liability purposes
This definition connects "Corporation" to its liability protections.
"Corporation" means a separate entity that provides liability protection to its shareholders, where the personal assets of the shareholders are shielded from the Corporation's debts or legal obligations.
Definition of "Corporation" as a legal entity for conducting business
This definition ties "Corporation" to its function in conducting business.
"Corporation" refers to a legal entity specifically established to conduct business, with the ability to engage in transactions, hold assets, and manage liabilities independently of its owners.
Definition of "Corporation" as an entity with a formal governing structure
This definition links "Corporation" to its governance.
"Corporation" means an entity that operates with a formal governing structure, typically consisting of a board of directors, officers, and shareholders, each with distinct responsibilities.
Definition of "Corporation" as a business established by inCorporation
This definition connects "Corporation" to the process of inCorporation.
"Corporation" refers to a business that has been legally established by inCorporation under state or federal law, creating a distinct legal entity with specific privileges and obligations.
Definition of "Corporation" as an entity subject to corporate laws
This definition ties "Corporation" to corporate laws.
"Corporation" means an entity that operates in accordance with corporate laws, which govern its formation, operations, and dissolution, providing the Corporation with certain legal protections and responsibilities.
Definition of "Corporation" as an independent legal body
This definition links "Corporation" to its independent legal status.
"Corporation" refers to an independent legal body that operates as a separate entity from its shareholders, with its own legal rights and the ability to engage in business activities.
Definition of "Corporation" as an entity capable of owning assets
This definition connects "Corporation" to its asset-owning ability.
"Corporation" means an entity that has the legal capacity to own and manage assets in its own name, separate from its shareholders or officers.
Definition of "Corporation" as an entity eligible for tax-exempt status
This definition ties "Corporation" to its eligibility for tax-exemption.
"Corporation" refers to an entity that may qualify for tax-exempt status under applicable law, typically in the case of nonprofit Corporations, which are subject to different tax regulations than for-profit Corporations.
Definition of "Corporation" as an entity with the ability to enter into contracts
This definition connects "Corporation" to its contract capabilities.
"Corporation" refers to an entity with the legal authority to enter into contracts, obligations, and agreements, and to enforce such contracts in a court of law as a separate entity from its shareholders.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.