A privately or publicly owned firm whose powers and activities are defined in the statute or articles which set it up. It is the major way of organizing a large firm in many countries and hence is responsible for most industrial and commercial output...

A business corporation is a legal entity permitted by law in every state to exist for the purpose of engaging in lawful activities of a business nature. It is an artificial person created by law, with many of the same rights and responsibilities...

A corporation is a legal entity (technically, a juristic person) which has a separate legal personality from its members. The defining legal rights and obligations of the corporation are: (i) the ability to sue and be sued; (ii) the ability to hold...

...

...

...

...

Corporations are today's psychopathic creatures that get respect in court as much as humans. A corporation cannot be equal with a living creature so it cannot have natural rights. Corporations must be immediately regulated by laws that are prepared by objective legislators who have not any relationship with them.

The Stockholder Theory maintains that managers should act merely as agents to the stockholder and only serve their interests-the maximization of profits. Milton Friedman's argument being, they are the owners of the business, and hence they should be entitled to all profits.