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Define the usefulness of a corporation in one sentence.

=MGN=RedEagle

Well-known member
#1
Hi guys, I am doing some research. I wanted to think through some basic concepts and their impact on our everyday life. I need one sentence that defines the usefulness of a corporation to society.

My attempt:
Corporation are legal entities that empower multiple people to do business together as one legal person with some provisions as far as limited liability and shared risk.


Is that how you would say it?
 

wedgar

Well-known member
#2
Hi guys, I am doing some research. I wanted to think through some basic concepts and their impact on our everyday life. I need one sentence that defines the usefulness of a corporation to society.

My attempt:
Corporation are legal entities that empower multiple people to do business together as one legal person with some provisions as far as limited liability and shared risk.


Is that how you would say it?
Provides one or more entities (people, partnerships and/or corporations) to share a part of ownership and to limit liability.
 

dutchbb

Well-known member
#3
A government created entity that damages free market principles, e.g. making it harder for small business to grow and succeed.