
Corporation
Legal Personhood
A corporation is legally like a person; it can own property, sue, or be sued.

XYZ Corporation owns several patents.
Shareholders' Role
Corporations are owned by shareholders who invest money and have certain rights.

She bought shares and became part of the corporation.
Global Reach
Multinational corporations operate across different countries beyond their origin.

The corporation has offices in ten countries.
Compare with
BusinessCompanyConglomerateConsortiumEnterpriseFirmOrganizationPartnership
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