corporation?

Palmira Lochridge: A corporation is when two or more people come together to make a separate entity (a person like identity). The corporation then can sell stock. This protects the people who run the corporation legally say like when they get sued. Usually the corporation can be sued but not the corporation bosses (officers). Sometimes an officer can be sued if they are negligent. This is called "piercing the corporate veil".They don't have to be big. Only need two or more people.Examples are: Enron, Walmart, Amazon (those are examples of some big ones). Yahoo!...Show more

Russel Gajate: A corporation is a separate entity that files its own tax return... The purpose is to keep the business separate from the individual... for example, if someone has a business, it's best to incorporate in case the business gets sued for a lot of money... (also for tax benefits)... If the company gets sued, the corporation is liable to pay, not the individual... in other words,! the individual is not required to give up his money and assets to pay on a judgment against the company because the company is a separate entity...In California one (1) person can form a corporation.....Show more

Rashad Marecki: Corporation is the big big companies like Microsoft, Goldman sach, Apple, Ronald Corp( 10 years from now) lol

Dalila Yoon: look it up.