Corporation Essay Examples

Corporation - Free Essay Examples and Topic Ideas

A corporation is a type of business organization that is created by law to operate as a legal entity separate from its owners or shareholders. It has its own legal rights, liabilities, and obligations, which are different from those of the individuals who own or run it. A corporation is typically managed by a board of directors who are elected by the shareholders. Its primary goal is to generate profits for its shareholders while complying with the law and fulfilling its social responsibilities. Corporations can be public or private, and they can operate in various industries and sectors. Overall, they offer a number of advantages, such as limited liability, perpetual existence, and access to capital, but they also face various challenges, such as increased regulations, public scrutiny, and ethical dilemmas.

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