Define the usefulness of a corporation in one sentence.

[Deleted member 6355]

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]

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]

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

 

[Teapot]

A finely tuned entity to extract as much money from consumers as possible, with any means available

 

[Deleted member 6355]

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

Thanks!