Corporation - Term Overview

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The corporations or Corporate Companies, corporations are formed by groups of individuals acting in conjunction with a specific purpose.

This association of people acts as a single company and its activity is governed by rights and obligations established by law. Some of these rights and obligations resemble those of natural persons.

Corporations are usually directed and managed by a body or council that is responsible for making daily decisions so that they function properly, according to the objectives they have.

The concept of corporation gives rise to many types of corporations. We call corporations any company, organization, public body or any kind of group grouped together to carry out an activity, whether for profit or altruistic.

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