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A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may be a nonprofit organization engaged inactivates for the public or private corporation, which has been organized to make a profit. corporation enjoy most of theat individuals possess: they can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, pay taxes. Some refer it as a “legal person”.
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