A Corporation is a company or group of companies to be controlled as a single organisation or entity which is carrying out business activities. The Corporation is recognised by law and a legal existence to have an authority of the business as a single business organisation (legally a person) that is owned by the shareholders (or stockholders) who share in profits and losses generated through the business operation. The Corporation has a limited liability separated by individuals who involved as shared dividends.
Related Definitions in the Project: The Business Organisation; Project Management
