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{{corporations}}
{{corporations}}
A '''Corporation''' is a type of [[company]] formed for the purpose of doing business.
A '''Corporation''' is a type of [[company]] formed for the purpose of doing business.
==Uniqueness==
The distinguishing feature of a corporation is that it is a separate legal entity from its owners. It has legal rights and obligations and is taxed on its earnings. When one sues a corporation, it is the business corporation, not its shareholders, that is party to the suit.
==Origin==
==Origin==
However, the early corporation (dating to the 1600s) was wholly a "creature of state" - they had to be specially created by legislative act. Now, corporations may incorporate with ease, owing to enabling acts in all American states, but especially in [[Delaware]]
However, the early corporation (dating to the 1600s) was wholly a "creature of state" - they had to be specially created by legislative act. Now, corporations may incorporate with ease, owing to enabling acts in all American states, but especially in [[Delaware]]
==Types of Corporations==
==Types of Corporations==
[[category:economics]]
[[category:economics]]
[[Category:Business]]
[[Category:Business]]
[[Category:Accounting]]