orporation

A corporation is a legal entity that is separate from its owners (shareholders). It can own property, enter into contracts, and conduct business independently. This structure provides limited liability, meaning owners are typically only responsible for the amount they invested. Corporations can raise capital easily through issuing stocks and tend to have a perpetual existence regardless of ownership changes. They are regulated by government authorities and must follow specific legal and reporting requirements. Overall, a corporation is a formal way to organize a business that offers benefits like liability protection and easier access to funding.