Corporation
Definition 1 of 3
Pro Tip 1/3
Legal Personhood
A corporation is legally like a person; it can own property, sue, or be sued. XYZ Corporation owns several patents.
Pro Tip 2/3
Shareholders' Role
Corporations are owned by shareholders who invest money and have certain rights. She bought shares and became part of the corporation.
Pro Tip 3/3
Global Reach
Multinational corporations operate across different countries beyond their origin. The corporation has offices in ten countries.