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A corporation is a legal entity separate from the persons that form it. In British tradition it is the term designating a body corporate, where it can be either a corporation sole (an office held by an individual natural person, which is a legal entity separate from that person) or a corporation aggregate (involving more persons). In American and, increasingly, international usage, the term denotes a body corporate formed to conduct business, and this meaning of corporation is discussed in the remaining part of this entry (the limited company in British usage).

Corporations exist as a product of corporate law, and their rules balance the interests of the shareholders that invest their capital and the employees who contribute their labor. People work together in corporations to produce value and generate income. In modern times, corporations have become an increasingly dominant part of economic life. People rely on corporations for employment, for their goods and services, for the value of the pensions, for economic growth and social development.

The defining feature of a corporation is its legal independence from the people who create it. If a corporation fails, shareholders normally only stand to lose their investment (and possibly, in the unusual case where the shares are not fully paid up, any amount outstanding on them - and not even that in the case of a No liability company), and employees will lose their jobs, but neither will be further liable for debts that remain owing to the corporation's creditors unless they have separately varied this, e.g. with personal guarantees. This rule is called limited liability, and it is why the names of corporations in the UK end with "Ltd." (or some variant like "Inc." and "plc").

Despite not being natural persons, corporations are recognized by the law to have rights and responsibilities like actual people. Corporations can exercise human rights against real individuals and the state,^[1] and they may be responsible for human rights violations.^[2] Just as they are "born" into existence through its members obtaining a certificate of incorporation, they can "die" when they lose money into insolvency. Corporations can even be convicted of criminal offences, such as fraud and manslaughter.^[3] Five common characteristics of the modern corporation, according to Harvard University Professors Hansmann and Kraakman are...

Corporation Subcategories Corporation Articles Unique Gift Ideas For Businesses And Corporations by Apurva . Dec 03, 2008 Everyone wants a unique gift idea. When it comes to corporations and businesses, gifts should not only be unique, they should also be appropriate and formal. There are many reasons for corporate and business gifts. In the workplace, you could give gi... Working Towards Long-Term Weight Loss by Pat Barone Mar 28, 2008 Any effort towards weight loss grows stagnant at some point. After the initial high of seeing the numbers on the scale descend, sticking points and plateaus are inevitable. The usual reactions, including frustration and dwindling confidence,... Fats Can Help You Lose Weight! by Pat Barone Mar 28, 2008 More and more food labels are screaming "FAT FREE!" but America's weight is increasing. What's going on? Eating "fat free" has been one of the most popular trends in recent years, but dieters are finding that adding fat to their diet... Keeping People Healthy: How Far is Going Too Far? by Pat Barone Mar 07, 2008 There’s a lot of talk about fat in the media today. As the U.S. government heightens its “war on obesity”, fat is rapidly becoming a hot topic and more attention is being focused on the role body image plays in society. The Good News ... The Jolly Food by riza calipayan Aug 17, 2007 For the last couple of decades, kids from all over the Philippines have been going to one fast food restaurant, enjoying the food, the sound, the smell and the feel of its environment. Those kids from way back are now adults and now they take thei... The original fast food in the Philippines by riza calipayan Aug 01, 2007 If you've been to the Philippines and asked most of the children where they want to go after Sunday mass, there's probably going to be a chorus that would sound something like "Jollibee!" The Jollibee Food Corporation has been serving meals to the... Jollibee: not only for kids by riza calipayan Jul 27, 2007 For as long as I can remember, kids of all ages always asked for one thing when they are asked where they would want to eat, and one cry would always echo “Jollibee!” The Jollibee Food Corporation has been a titan in the Philippine fast food industry... Business Incorporation Explained by Joe Hanoa Nov 14, 2006 Business incorporation is a form of legal arrangement open to any business. There are advantages and disadvantages to the corporate form of business which is why you need to consult with your lawyer and accountant to determine if incorporati... Umbrella Advertising by Karishma Roy Oct 25, 2006 Umbrellas are no longer a medium to just wade away the wetness of the rains. They have become a dependable medium to bring a new sunshine to your sales. The sales of umbrellas have doubled. The demand for garden and beach umbrellas too is esc... Small Businesses and Health Insurance Tips by Audrey Hoffman May 19, 2006 How many times have you heard potential entrepreneurs who are unwilling to give up their day jobs and take the plunge, "because I'd lose my benefits"? That wimpy cop-out just doesn't look at the big picture, and by spending the rest of your lif...