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Define the usefulness of a corporation in one sentence.

Discussion in 'Off Topic' started by =MGN=RedEagle, Aug 10, 2014.

  1. =MGN=RedEagle

    =MGN=RedEagle Well-Known Member

    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?
     
  2. wedgar

    wedgar Well-Known Member

    Provides one or more entities (people, partnerships and/or corporations) to share a part of ownership and to limit liability.
     
  3. dutchbb

    dutchbb Well-Known Member

    A government created entity that damages free market principles, e.g. making it harder for small business to grow and succeed.
     
  4. Teapot

    Teapot Well-Known Member

    A finely tuned entity to extract as much money from consumers as possible, with any means available :D
     
  5. =MGN=RedEagle

    =MGN=RedEagle Well-Known Member

    Thanks!
     

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