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Corporation

Definition: Preferred type of business organization chartered by a state and given many rights of a separate entity. Corporation's ownership is divided into shares of stock and distributes its net profits in theDefinition: form of dividends to shareholders. Lenders prefer to deal with a corporations, rather than a sole proprietorships. Definition: [crh] A legal entity that is separate and distinct from its owners. A corporation is allowed to own assets, incur liabilities, and sell Definition: F="/?rd=securities">securities, among other things.

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