American Legal Review


CORPORATIONS

A for-profit corporation is a business organization that is separate and apart from its owners; the owners are called "shareholders". The corporation is managed by a board of directors which elects officers to carry out the daily operations of the business. A corporation is a legal entity in its own right. As a separate entity, it has its own rights, privileges, and liabilities apart from the individuals who form it.

Because the corporation is a separate legal entity in the eyes of the law, the shareholders are generally not personally responsible for the debts or obligations of the corporation. A stockholder's personal liability is usually limited to the amount of investment in the corporation and no more.

Below are some CORPORATIONS products and services examined by the American Legal Review:

LEGAL KITS | LEGAL FORMS | LEGAL SOFTWARE | LEGAL SERVICES

American Legal Review > CORPORATIONS:



RECOMMENDED PRODUCT: American Legal Review

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