# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Corporation

A business organization whose total worth is divided into shares of stocks, each share representing a unit of ownership.

By law, a corporation has certain rights and responsibilities. It has a legal identity separate from its owners, called shareholders, meaning they are liable for its debts only to the extent of their investment, which is called limited liability.

 

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