Corporate person financial definition of Corporate person. Corporate person finance term by the Free Online Dictionary.

Corporation

A legal entity that is separate and distinct from its owners. A corporation is allowed to own assets, incur liabilities, and sell securities, among other things.

Corporation

A business that is legally completely separate from its owners. Most publicly-traded companies (and all major ones) fall under this classification. For United States tax purposes, corporations, legally known as C corporations, are required to pay income taxes on their profits. The advantage to a corporate structure is the fact that, unlike other structures, there is no limit to the number of shareholders. A disadvantage is the fact that, because a corporation is taxed by itself and its individual shareholders are taxed on dividends, it is subject to double taxation. It is important to note that the term corporation almost never refers to an S corporation, which is not entirely separate from its owners.

corporation

An organized body, especially a business, that has been granted a state charter recognizing it as a separate legal entity having its own rights, privileges, and liabilities distinct from those of the individuals within the entity. A corporation can acquire assets, enter into contracts, sue or be sued, and pay taxes in its own name. Corporations issue shares of stock to individuals supplying ownership capital and issue bonds to individuals lending money to the business. The corporation is a desirable organization for a business entity for a variety of reasons including the increased capability such an entity has to raise capital. Most large firms, especially those engaged in manufacturing, are organized as corporations. All stocks sold in the primary market and traded in the secondary market are shares of corporate ownership. Compare partnership, proprietorship. See also incorporate, limited liability, unlimited liability.

corporation

A legal entity created by filing documents with the local secretary of state, commissioner of corporations,or similar official. It may have as few as one shareholder,must begin life with some minimal amount of assets gained as a result of the shareholder(s) paying for shares of stock, may be stipulated as having a limited life span or perpetual existence until formally dissolved, and may be designated as having the powers to do only limited types of things or anything allowed by law.The entity thus created will enjoy all the rights and responsibilities of natural persons,including owning and renting real estate,and suing or being sued in the courts.The IRS allows corporations to be segregated into three main types for tax accounting purposes:

1. S-corporation. A small corporation that is allowed to file information returns only. It pays
no taxes on its income but, instead, sees all income taxed to the shareholders according to
their pro rata share of the corporation.

2. C-corporation. Any corporation that does not meet the limitations for an S-corporation,
     or one that otherwise qualifies for S-corporation status but elects to be treated as a C-cor-
     poration. The corporation files its own tax returns, pays taxes on income, and then dis-
     tributes dividends to shareholders who pay taxes on the dividends.

3.501(c)(3) corporation. A not-for-profit corporation authorized by Section 501(c)(3) of the
Internal Revenue Code, which files an information tax return but pays no taxes.

Corporation

For income tax purposes, an entity that is incorporated under the laws of a state, a foreign entity that is treated as a corporation under IRS regulations, or an unincorporated entity that elects to be taxed as a corporation by filing Form 8832.

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
Affiliated Corporation Agreement Corporation Alien Corporation C Corporation Depository Trust and Clearing Corporation Domestic Corporation DTCC foreign corporation incorporate MBSCC Multinational Netting NSCC Quasi-Public Corporation REFCORP Resolution Funding Corporation S Corporation Securities Investor Protection Corporation SIPC Stock	United States, (40) which recognized that Congress could impose punishment on the corporate person for the acts of its agents. The "person" at federal law: a framework and a RICO test suite by Gerardi, Michael J. / Notre Dame Law Review Fayza Saad, INJAZ Qatar Director says corporate volunteers are the spirit of INJAZ, : "When a corporate person walks into a class it is a new experience for the students who are eager to learn about the real business world. INJAZ Brings the Business World into Qatar's Classrooms by Albawaba.com When the Supreme Court agreed, it essentially became "unconstitutional" to treat a human person differently from a corporate person. Why a green future is "unconstitutional" and what to do about it by Morris, Jane Anne / Synthesis/Regeneration	corner of Main and Main Cornering the Market Corporate Corporate Acquisition Corporate Action Corporate and Criminal Fraud Accountability Act of 2002 Corporate Anorexia Corporate Bankruptcy Corporate Bond Corporate Bond Fund Corporate Bond Short-Term Fund Corporate Bonds Corporate Cannibalism Corporate Charter Corporate Citizenship Corporate Equivalent Corporate Equivalent Yield Corporate finance Corporate Financial Management Corporate Financial Planning Corporate Financing Committee Corporate Governance Corporate Income Fund Corporate Inflation-Linked Securities Corporate Inversion Corporate person Corporate Processing Float Corporate Raider Corporate Repurchase Corporate Restructuring Corporate Tax Corporate Tax View Corporate Taxable Equivalent Corporate Trust Corporate Veil Corporate Welfare Bum corporation Corporazione di fatto corporeal corpus CORR Correcao monetaria Correccion Correction correction deed correction lines Corrective Advertising Corredor de lotes incompletos Corredor de prestamos hipotecarios correlation Correlation Coefficient	Corporate Network Product Corporate Network Services Corporate Non-Disclosure Agreement Corporate Note Corporate Note Corporate Notes Corporate Notes Corporate Nursing Clinical Practice Committee Corporate Nursing Home Improvement Collaborative Corporate office Corporate office Corporate office Corporate office Corporate Office of Science and Technology Corporate Office Properties Trust Corporate Operations Information Services corporate opportunity Corporate Options Review Limited Corporate Orientation and Training System Corporate Outplacement Declaration of Ethics Corporate Overhead Corporate Partner Networking Corporate Partner Privacy Corporate Partners in Excellence Corporate Partnership Program Corporate Performance Assessment Corporate performance management Corporate Performance Management Information Corporate Performance Review System Corporate person Corporate Personal Property Replacement Taxes Corporate personality Corporate Planning and Administration Division Corporate Planning and Information Management Services Corporate Planning and Management Practices Corporate Planning Group Corporate Platform Expansion Corporate Policy and Management Board Corporate Policy and Research Department Corporate Policy Statement Corporate portal Corporate portals corporate practice corporate practice corporate practice corporate practice corporate practice of medicine Corporate Practice of Medicine Doctrine Corporate Preparatory Technological Entrepreneur Academy Corporate Preparedness Industrial Representative Corporate Price List Corporate Privacy and Information Access Branch Corporate Private Network Corporate Pro Bono Opportunity Corporate Procedure Corporate Processing Corporate processing float

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References in periodicals archive

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Affiliated Corporation
Agreement Corporation
Alien Corporation
C Corporation
Depository Trust and Clearing Corporation
Domestic Corporation
DTCC
foreign corporation
incorporate
MBSCC
Multinational Netting
NSCC
Quasi-Public Corporation
REFCORP
Resolution Funding Corporation
S Corporation
Securities Investor Protection Corporation
SIPC
Stock

United States, (40) which recognized that Congress could impose punishment on the corporate person for the acts of its agents.

The "person" at federal law: a framework and a RICO test suite by Gerardi, Michael J. / Notre Dame Law Review

Fayza Saad, INJAZ Qatar Director says corporate volunteers are the spirit of INJAZ, : "When a corporate person walks into a class it is a new experience for the students who are eager to learn about the real business world.

INJAZ Brings the Business World into Qatar's Classrooms by Albawaba.com

When the Supreme Court agreed, it essentially became "unconstitutional" to treat a human person differently from a corporate person.

Why a green future is "unconstitutional" and what to do about it by Morris, Jane Anne / Synthesis/Regeneration

corner of Main and Main

Cornering the Market

Corporate

Corporate Acquisition

Corporate Action

Corporate and Criminal Fraud Accountability Act of 2002

Corporate Anorexia

Corporate Bankruptcy

Corporate Bond