Corporation – What Is It?
By: SD Lawyer
Simply put, a corporation is a form of business entity. You probably already know this, so this article delves into a few of the particulars.
Separate Entity
For legal purposes, a corporation is considered a separate legal entity from those forming it. Although it is not a living person, a corporation generally has the same rights. It can own property, enter contracts and claim constitutional rights. Unluckily, a corporation also must pay taxes like you and me.
Unlike each of us, a corporation can ,live, for 100 years, 200 years or more. Certain forms of corporations were known to exist as far back as in the days of Ancient Rome. Despite it’s gladiator tendencies towards other companies, Microsoft was not the f...
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