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 ?
Companies Mentioned in this Report: Nissan Motor Company, General Motors Company, Volkswagen AG, Ford Motor Company, Toyota Motor Coporation, Honda Motors Co Ltd, Mazda Motor Corporation, Suzuki Motor Corporation, Fiat S.
Chair and CEO David Cornhill presented a $500,000 cheque to the Indian Business Coporation at an announcement at the Chinook Lodge Aboriginal Resource Centre at SAIT Polytechnic.
Al-Fasher, July 14 (SUNA) The Wali (governor) of North Darfur State, Osman Mohamed Yousif Kibir, has givern directives for all the state's governments, ministeries and Tawila Locality to fully cooperate and coordinate with the Coporation of Sheikh Thani Bin Abdalla for Humanitarian Services to enable it to implement the projects of the Qatari initiative for the Sudan in Darfur.
Summary: Dubai Taxi Coporation has launched a 'Remember' initiative to reduce the number of complaints about lost items from customers after their taxi trips.
BAGHDAD / Aswat al-Iraq: International Finance Coporation (IFC), a member of the World Bank Group, is providing a $70m loan to help renovate a cement factory in Iraq, part of an effort to support the local building sector and aid in the country's reconstruction.
Everyone welcome back to the Coporation Club after the funeral.
In late January, CelluForce, a joint venture between Domtar Coporation and FPInnovations, officially opened the world's first demonstration-scale plant to produce nanocrystalline cellulose (NCC) in Windsor, Que.
P Sivanandi, IGP (West Zone) Coimbatore, has been shunted out and posted as IGP Chief Vigilance Office, State Transport Coporation, Kumbakonam.
Judges for this year's submissions were: Robin Abrams of The Lansco Coporation, Vahap Avsar of Brooklyn Industries, Debbie Badalucco of Citibank, NA, Dennis Brady of Jack Resnick & Sons, Inc.