Corporation Articles from HOMEOWNERSHIP.INFO Free Article Directory

Search our Site:

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 How to choose Bathroom accessories by zolicorp zolicorp Dec 29, 2008 Carefully-chosen bathroom accessories can give a brand new look to the dullest of bathrooms – more so, if you go by a theme for the bathroom. You can let your imagination run wild, think of a theme for your bathroom and select the accessories accordi... Coastal Investment Realty Corporation is a highly respected real estate firm that puts their client by erin phillips Feb 25, 2008 “Win Big with Foreclosures” February 15, 2008 If you think you’d enjoy living in Florida, or just see the wisdom of owning Florida real estate as an investment, it might be worth your while to investigate the Florida foreclosures market. Fore... Starting your own Panamanian Corporation for Land Purchase by Andrew Cowan May 10, 2007 Many people who invest in Panamanian real estate choose to register the land or property under the name of a Panamanian corporation instead of directly under their own name. The corporation must be formed with at least four members who are also share... The advantages of owning real estate through a Costa Rica corporation by Clint Jhonson Apr 22, 2007 Are you envisaging the opportunity of owning real estate in Costa Rica? As you already probably know, anyone can have title of a piece of property in Costa Rica, whether he or she is a citizen of Costa Rica, a resident or a non-resident. On the other... Buying Your First Home And The True About Interest Rates by Kevin Cox Mar 22, 2007 Buying your first home can be a challenging thing. There many things that goes into buying a house that the first time home buyer may not know about. One thing that goes into buying a home is a down payment. A down payment is money you put up front t... Buying Real Property in Panama by Steven Rich, MBA Dec 21, 2006 The Difference between Titled and Rights of Possession Properties There is a lot of confusion when foreigners look to buy real estate in Panama. That’s because some sellers have actual “title” and others only sell their rights to “posses... The Fastest Way to Become a Panamanian Citizen by Steven Rich, MBA Dec 21, 2006 NEW REFORESTATION VISAS Now there is a new way to obtain a faster Permanent resident Visa and gain Panamanian citizenship while saving Panama’s forests. Panama recently brought back a dormant Reforestation immigration Visa. There... Don't Own Rental Real Estate in a C-corporation! Here is Why... by Darius Barazandeh Dec 16, 2006 (Article 1.0): Don’t Own Rental Real Estate in a C-corporation! Here is Why… By: Darius M. Barazandeh, Attorney at Law / M.B.A. Selecting a business structure for real estate is confusing for many new investors. So my ... Panama's Real Estate Boom by Steven Rich, MBA Oct 27, 2006 DONALD TRUMP can't be wrong, can he? Trump has fallen so much in love with Panama that he is building a $220 Million, 65 story (2.4 Million square foot) hotel/condo monoliths called the Trump Ocean Club International Hotel & Tower in a posh Pa...