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Corporations and Other Types of Businesses, Corporations
abbreviation, separate entity, shares of stock, idea, United States
In the United States a corporation is chartered by one of the 50 states as a legal body. That means it is, in law, a separate entity from its owners, who own shares of stock in the corporation. In the United States, corporate names often end with the abbreviation Inc., which stands for incorporated and refers to the idea that the business is a separate legal body.
>> Limited Liability
>> Separation of Ownership and Control
>> How Corporations Raise Funds for Investment
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