Corporations - Research Article from Encyclopedia of Business and Finance

This encyclopedia article consists of approximately 8 pages of information about Corporations.
This section contains 2,243 words
(approx. 8 pages at 300 words per page)
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Corporations

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 possessed by humans. Corporations are widely prevalent in the United States; today, virtually every large enterprise is a corporation.

Rights and Privileges of a Corporation

Within legal guidelines, corporations may issue stock, declare dividends, and provide owners with limited liability.

Stocks A corporation can issue and attempt to sell stock. Every share of stock owned represents a share of the corporation's ownership.

From the standpoint of stock sale, there are two kinds of corporations: public and private. With a public corporation, anyone can buy shares of stock, which may very well be traded on a stock exchange. With a private corporation, however, sale of stock...

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This section contains 2,243 words
(approx. 8 pages at 300 words per page)
Buy the Corporations Encyclopedia Article
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Encyclopedia of Business and Finance
Corporations from Encyclopedia of Business and Finance. Copyright © 2001-2006 by Macmillan Reference USA, an imprint of the Gale Group. All rights reserved.
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