corporation

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Related to Incorporated business: unincorporated business

corporation

a business entity such as a company incorporated under legislation, usually a Companies Act, which can make the shareholders legally responsible only for the profits and debts of the company. That is the shareholders are not personally responsible. It has been held for generations that members of professions could not practice as corporations because they would lose their personal responsibility to their clients. It is becoming more common for this rule to be discarded.
References in periodicals archive ?
5% Incorporated business owners Metro 748 134 36 918 Expected value 744 137 37 Within category % 81.
The higher ratio of female-to-male earnings among incorporated business owners is consistent with the last conjecture because incorporated business owners are a more stable group than unincorporated business owners.
The more than 20 million small- and home-based businesses in the United States are now armed with 24-hour access to the best information from the best minds in business management," said Martin Bush, CPA, attorney and small business analyst for CCH INCORPORATED Business Owner's Toolkit.
Siebel Systems incorporated Business Objects e-BI technology with the Siebel eIntelligence component of the Siebel eBusiness Analytics suite to provide its users with powerful and easy-to-use query, reporting, and analysis (OLAP) functionality.

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