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
Philadelphia court records show that the corporation faces two judgments — one from a food distributor for about $2,900 and another from a security company for about $2,700.
Sharon Lechner, the chief fiscal officer of Calista Corp., said the corporation was prepared to make a cash offer on the building.
For example: The corporation that owns the park refuses to stage a rescue mission until a top-secret piece of proprietary data, stored inside one of the hosts, is evacuated by employees inside.
The corporation owns part of the tribe's assets and works to maintain financial independence for Alaskan natives.
Or more often, moving at the speed of culture while the corporations that control them lag behind.
As well as being a base for the corporation’s world-renowned BBC Symphony Orchestra and Chorus and BBC Singers choir, the studios will become the main home of the BBC’s many rock and pop recording sessions.
From there, Naota’s forehead serves as an unfortunate portal for the big, awful robots created by the unscrupulous corporation Medical Mechanica, which owns a hilltop factory in the shape of an iron.
So last summer the school board decided to partner with the private education corporation known as K12 Inc. — which had a 2017 revenue that exceeded $875 million — to open a public virtual school called Indiana Digital Learning School.
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
: 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
Word Root of corporation
Origin and Etymology of corporation
Seen and Heard
What made you want to look up corporation? Please tell us where you read or heard it (including the quote, if possible).