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corporation Definition

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corporation
noun(cor-po-ra-tion)
a group of merchants or traders united in a trade guild
corporation
noun(cor-po-ra-tion)
the municipal authorities of a town or city
corporation
noun(cor-po-ra-tion)
a body formed and authorized by law to act as a single person although constituted by one or more persons and legally endowed with various rights and duties including the capacity of succession
corporation
noun(cor-po-ra-tion)
a corporation whose stock is not publicly traded but held by a few persons (such as those in management)
corporation
noun(cor-po-ra-tion)
close corporation
corporation
noun(cor-po-ra-tion)
a corporation organized by one or more licensed individuals (such as a doctor or lawyer) especially for the purpose of providing professional services and obtaining tax advantages
corporation
noun(cor-po-ra-tion)
a quasi-public corporation
corporation
noun(cor-po-ra-tion)
a small business corporation that is treated for federal tax purposes as a partnership

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corporation Examples by Brain Bank Users