There are a number of different business types that exist in the United States and abroad. A corporation is one of the most common business structures in the world.
This type of business entity is formally organized and maintains a public charter. It is considered to be an independent legal entity, and therefore, a corporation possesses unique rights and responsibilities. Generally, a corporation will conduct some type of business. It may sell products or services to consumers.
Corporations are extensive entities that involve not only employees and managers, but also shareholders and creditors. Investors will provide corporations with the funds necessary to establish and maintain the business. In turn, their investment will hopefully yield them a profit if the corporation is successful. A corporation can be organized in a variety of different ways. These businesses are regulated by corporate law.