corporation

Definitions

1. Firm that meets certain legal requirements to be recognized as having a legal existence, as an entity separate and distinct from its owners. Corporations are owned by their stockholders (shareholders) who share in profits and losses generated through the firm's operations, and have three distinct characteristics (1) Legal existence: a firm can (like a person) buy, sell, own, enter into a contract, and sue other persons and firms, and be sued by them. It can do good and be rewarded, and can commit offence and be punished. (2) Limited liability: a firm and its owners are limited in their liability to the creditors and other obligors only up to the resources of the firm, unless the owners give personal-guaranties. (3) Continuity of existence: a firm can live beyond the life spans and capacity of its owners, because its ownership can be transferred through a sale or gift of shares.

2. Municipal authority of a town or city.

3. A very large, usually diversified, firm.

For more information, see The Difference between an S Corporation and an LLC.

Use 'corporation' in a Sentence

At first Bill liked working for the large company but, after years at the corporation he felt he could better use his talents at a smaller company that didn't have so much red tape.

The share holders of the corporation must include their yearly dividends as income when they file their taxes at the end of the year.

I work for a mindless corporation who steals my time and gives me barely enough money to survive because they want my dependent on them and to never escape.

单词	a corporation
释义	corporation Definitions 1. Firm that meets certain legal requirements to be recognized as having a legal existence, as an entity separate and distinct from its owners. Corporations are owned by their stockholders (shareholders) who share in profits and losses generated through the firm's operations, and have three distinct characteristics (1) Legal existence: a firm can (like a person) buy, sell, own, enter into a contract, and sue other persons and firms, and be sued by them. It can do good and be rewarded, and can commit offence and be punished. (2) Limited liability: a firm and its owners are limited in their liability to the creditors and other obligors only up to the resources of the firm, unless the owners give personal-guaranties. (3) Continuity of existence: a firm can live beyond the life spans and capacity of its owners, because its ownership can be transferred through a sale or gift of shares. 2. Municipal authority of a town or city. 3. A very large, usually diversified, firm. For more information, see The Difference between an S Corporation and an LLC. Use 'corporation' in a Sentence At first Bill liked working for the large company but, after years at the corporation he felt he could better use his talents at a smaller company that didn't have so much red tape. The share holders of the corporation must include their yearly dividends as income when they file their taxes at the end of the year. I work for a mindless corporation who steals my time and gives me barely enough money to survive because they want my dependent on them and to never escape.
随便看	online database online media online processing on-line rate online shopping online transaction processing (OLTP) on margin on pack premium on-sale date onshore onsite onsite assembly onsite improvements onsite sales method on the face on the fly on the job training (OJT) on the record on the run ontology onus onus probandi OODA loop opaque fare Oparin bubble theory