Description
A corporation is a legal entity formed under state law, usually to conduct trade. The law treats a company as an individual that can sue or be sued. A corporation is distinct from its owners, or shareholders, who hold stock in the company.
Corporate law confines all of the legal cases that a company can face. Corporations are subject to multiple corporate laws they must obey to enjoy the tax and other benefits corporate companies obtain. Most states require companies to conduct annual summits with their shareholders and may need frequent sessions of the committee and the company officials. Most companies have an attorney present at all the discussions to secure that the company relents with all state and federal needs.
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