Definition of "corporation"
  1. A business structure sanctioned by state law, functioning as a separate legal entity from its owners, protecting them from personal liability for the business's debts or obligations, excluding certain exceptions like unpaid taxes
How to use "corporation" in a sentence
  1. The small business recently transformed into a corporation to provide legal protection for the owners.
  2. The corporation is a multi-national entity, with business branches located around the world.
  3. Becoming a corporation could shield you from personal liability in case of business debts.

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