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Post a RequestCorporation Definition
corporation – n : a legal form of business
organization that shields its individual principals (shareholders) from
personal liability. Two types of corporation are available to businesses, the
“C” corporation, which is a taxable entity; and the “S” corporation (a form
commonly used only by small, closely-held companies), which is a pass-through
entity for tax purposes.
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Adapted from "The CompanyCrafters Entrepreneur's Dictionary"
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