Corporation
978-613-3-75818-6
613375818X
72
2010-10-14
29.00 €
eng
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. A corporation is an institution that is granted a charter recognizing it as a separate legal entity having its own privileges, and liabilities distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Corporations exist as a product of corporate law, and their rules balance the interests of the management who operate the corporation, creditors, shareholders, and employees who contribute their labor. In modern times, corporations have become an increasingly dominant part of economic life. An important feature of corporation is limited liability. If a corporation fails, shareholders normally only stand to lose their investment, and employees will lose their jobs, but neither will be further liable for debts that remain owing to the corporation's creditors.
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Économie
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