University of Maryland Extension

A Closer Look At The Corporation Business Structure

Author: 
Ashley Newhall
Photo by Edwin Remsberg

This post should not be relied upon as legal advice

                In continuing our overview of business organization structures, I will be illustrating the corporation structure with you today.  A corporation is a legal entity separate and distinct from its owners.  A corporation is owned by its shareholders who are individuals, other business organizations, or both.  Even though corporations are distinct and separate, they enjoy most of the rights and responsibilities that individuals possess.  For example, corporations have the right to enter into contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes.

To continue reading this article click here.

Maintained by the IET Department of the College of Agriculture and Natural Resources. © 2020. Web Accessibility

University programs, activities, and facilities are available to all without regard to race, color, sex, gender identity or expression, sexual orientation, marital status, age, national origin, political affiliation, physical or mental disability, religion, protected veteran status, genetic information, personal appearance, or any other legally protected class. If you need a reasonable accommodation to participate in any event or activity, please contact your local University of Maryland Extension Office.