Corporation
Definition
An organization formed with state governmental approval to act as an artificial person that is empowered with legal rights usually only reserved for individuals, such as to sue and be sued, issue shares of stock to raise funds (unless it is non-profit), own property, hire employees or loan and borrow money.
Class Relationships
Parent(s)
- โข Entity
Is Defined By
N/A
See Also
None
Children 3
- โข S Corporation
- โข B Corporation
- โข C Corporation
Translations
Class Hierarchy Visualization
Interactive graph showing class relationships - click on any node to navigate to that class
Additional Information
Metadata
Comment
None
Description
None
Notes
- โข None
Editorial Information
History Note
None
Editorial Note
None
Identifier
ENTITY-CORP
Deprecated
No
Source and Origin
No source or origin information available