Subscribe to America's most significant dictionary and have hundreds extra definitions and Innovative research—ad free!Corporations' proprietors have limited legal responsibility, along with the business incorporates a lawful character separate from its proprietors. Corporations might be possibly governing administration-owned or privately owned,
Most general public entities are organizations which have marketed shares, but significantly There's also community LLC's that sell units (at times also referred to as shares), and other additional unique entities likewise, like, for instance, property financial investment trusts in the US, and device trusts in britain. A normal partnership simply
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