Corporation

Chartered commercial body

A corporation is a legal entity separate from the people who own and run it.

It can own property, enter contracts, sue and be sued, and survive the death of its founders.

Corporations shield their owners from personal liability—if the company fails, shareholders lose only their investment, not their homes.

She incorporated her business last year.

The word sometimes carries connotations of faceless bureaucracy or profit-seeking: soulless corporations, corporate greed.

business

company

Commercial enterprise or guests

multinational · headquarters · CEO · executive · operations · profit · revenue · market share · expansion · acquisition

legal

LLC

Hybrid business entity abbreviation

articles · registered · entity · liability · board · directors · fiduciary · dissolution · merger · subsidiary

critique

greed

Excessive desire for wealth

lobbying · bailout · offshore · tax evasion · sweatshop · outsourcing · layoffs · inequality · profiteering · deregulation

culture

cubicle

Partitioned office workspace

memo · meeting · synergy · downsizing · restructuring · HR · dress code · water cooler · nine-to-five · boardroom

municipal

city

Large populated area

civic · charter · mayor · council · town · village · local government · alderman · ordinance · public works

Categories
Opposites
business structure

Corporationsole proprietorship

Unincorporated individual-owned business

sole trader · freelancer · independent contractor · partnership · cottage industry

organizational nature

Corporationindividual

One separate human being

government · nonprofit · charity · person · human being

scale and formality

Corporationsmall business

Modest independent commercial venture

street vendor · artisan · craftsperson · subsistence farmer · gig worker

Phrases
Family

corporations, corporatism, corporatist, incorporating, incorporation

Familiarity
Top 500,000
Profile
Known to kids · Used worldwide · Timeless · Everyday, not technical · Rated G