What is a Corporation and How Does It Really Work?

 A corporation is a type of business structure that is legally separate from its owners, offering distinct benefits like limited liability, easier access to funding, and perpetual existence. Unlike sole proprietorships or partnerships, a corporation can own assets, sign contracts, and even sue or be sued in its own name. But how does it really work? From the roles of shareholders and directors to the processes of incorporation and taxation, understanding a corporation’s structure can help you see why it’s a popular choice for businesses.


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