corporation

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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 ?
It was reported yesterday that Biostem US Corporation (OTCQB: HAIR) (PINKSHEETS: HAIR), a fully reporting public company in the stem cell regenerative medicine sciences sector, has signed a contract with United States-based Pizarro Hair Restoration Clinics.
M2 PHARMA-May 4, 2012-Biostem US Corporation changes symbol on OTCQB(C)2012 M2 COMMUNICATIONS
NEW YORK -- Fitch Ratings has issued a research report outlining the rating analysis for Giro Funding US Corporation, an $8.

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