Aashna Ashokchari's Profile

A corporation is a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law. Early incorporated entities were established by charter (i.e. by an ad hoc act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration. Corporations enjoy limited liability for their investors, which can lead to losses being externalized from investors to the government or general public. Corporations are usually the most profitable and powerful business entities, such as their public control, influence over government (including political candidates that support them), and ability to protect its interests and make huge profits.

Business is the activity of making one's living or making money by producing or buying and selling goods or services. Simply put, it is any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors.The term is also often used colloquially  but not by lawyers or public officials to refer to a company, but this article will not deal with that sense of the word.

Many businesses are operated through a separate entity such as a corporation or a partnership . Most legal jurisdictions allow people to organize such an entity by filing certain charter documents with the relevant Secretary of State or equivalent and complying with certain other ongoing obligations.

Many businesses are operated through a separate entity such as a corporation or a partnership .