Examples of corporation in a Sentence
He works as a consultant for several large corporations.
a substantial corporation that showed that he was a sucker for all-you-can-eat buffets
Recent Examples of corporation from the Web
And while no one should waste their tears on a massive multinational corporation, the process by which the green mermaid gang was run off does not bode particularly well for Boston.
Where releasing records would merely bring embarrassment or adverse publicity to a corporation or a governmental agency, the records must be disclosed.
Registered agents serve as a corporation’s legal point of contact for official notices, and in documents filed with the Georgia Secretary of State’s office the address of a home owned by Jones Sr.
The program, notes Grewal, was not perfect, as it was run by a private prison corporation.
Universal Music Group is challenging Malu Trevejo's recent attempt to void her contract, claiming the label's agreements were with a corporation owned by the teenage singer's mother, not her directly, and represented by her attorney.
Litigation finance is joining other traditional next steps like jumping to a corporation’s legal department, into the government or to a smaller firm.
Morrow formed a limited liability corporation called Detroit Memorial Partners to own 49 percent of the collection of 28.
This week, New York Attorney General Barbara Underwood announced the conviction and sentencing of a Nevada corporation and its CEO on grand larceny and securities fraud, among other charges.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'corporation.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Financial Definition of CORPORATION
What It Is
A corporation is one of many ways to formally organize a business. Structuring a business as a corporation has a number of important legal requirements and consequences that impact investors.
How It Works
1. A corporation is owned by shareholders, and their ownership is represented by shares of stock.
2. A corporation has a board of directors, which is a group of people elected by the shareholders to oversee the corporation's management. The board of directors is elected to make decisions that are in the best interest of the shareholders.
3. A corporation has an unlimited life; that is, corporations don't die or expire unless a) the shareholders decide to intentionally dissolve the corporation or b) a corporation is unable to pay its debts and is forced into bankruptcy.
4. Shareholders have limited liability. That is, the liabilities of the corporation do not extend to the shareholders. If the corporation goes bankrupt or defaults on a loan, lenders cannot repossess shareholders' personal assets or try to force shareholders to repay the company's debts.
5. Corporations pay taxes on their income, even if they distribute some of that income directly to the shareholders via dividend payments. This leads to the controversial "double taxation."
6. Corporations are legal entities that exist separate and apart from their shareholders. In fact, they are usually afforded the legal rights of an individual person. That is, they can own assets, borrow money and sue or be sued.
Why It Matters
It's important to understand the characteristics of corporations because if you have money in the stock market, you are a shareholder and part owner of the corporations whose stock you own.
Corporations are the most popular form of business structure in the U.S. because of the limited liability protection. If the corporation can't pay back its loans, your shares will lose value (perhaps 100% of their value), but you as a shareholder are not responsible for paying back the debts. A shareholder cannot lose more than 100% of his or her investment.
If the corporation makes a profit, your shares in that company will become more valuable because as a shareholder, you're entitled to your portion of the net income. In fact, one of the main goals of a corporation's employees is to maximize shareholder value; that is, to work on behalf of the owners in order to enrich them as much as possible.
The corporate structure is not appropriate for every business. Corporations are highly governed, regulated and taxed when compared to other business forms (sole proprietorships or partnerships). This makes them more expensive to operate and conduct business. One of the largest complaints about the corporate structure is that profits are taxed twice: the corporation must pay income taxes and shareholders must pay income taxes on that same income if they receive a dividend payout (double taxation).
CORPORATION Defined for English Language Learners
Definition of corporation for English Language Learners
: a large business or organization that under the law has the rights and duties of an individual and follows a specific purpose
CORPORATION Defined for Kids
Definition of corporation for Students
Word Root of corporation
legal Definition of corporation
Origin and Etymology of corporation
Seen and Heard
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