Corporation

[poornima lagadapati]

A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity; a legal person in legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e. by an ad hoc act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration.

 

[Himanshi Agarwal]

The definition of a corporation is a legal entity with its own rights, privileges and liabilities separate from the members who created it. An example of a corporation is Apple Computer.