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 ?
CONTACT: Stu Taylor, Executive Director of Sankhya US Corporation, +1- 831-883-8650, or Fax, +1-831-401-2449, stu.
a US corporation registered in the State of Delaware with offices in London and the Middle East, in exchange for an 18% ownership stake.
Windsor Energy Corporation a Calgary, Alberta, international exploration and production company, is pleased to announce that its Texas based subsidiary, Windsor Energy US Corporation, has completed its second long reach well on their Rincon Island California lease at a sustained rate of 500 barrels of oil per day.

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