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asked 12 months ago
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A corporation is a legal entity. It can buy and own property, or the corporation itself can be sold. A corporation can survive beyond the life of its founding members, and continue to operate, indefinitely.
A corporation is also a method to shield corporate officers from liability. This has been abused and some people have used corporations to do things they themselves would never do as individuals. A criticism of a corporations, is that they have no body to incarcerate and no soul to save. But the flip side is also true, many good things come from corporations, things that individuals or partnerships would never attempt to do.
A corporation is also a method to shield corporate officers from liability. This has been abused and some people have used corporations to do things they themselves would never do as individuals. A criticism of a corporations, is that they have no body to incarcerate and no soul to save. But the flip side is also true, many good things come from corporations, things that individuals or partnerships would never attempt to do.
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