Pertaining to corporations. Corporations are the most common form of business organization, and one which is chartered by a state and given many legal rights as an entity separate from its owners. This form of business is characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern. The process of becoming a corporation, called incorporation, gives the company separate legal standing from its owners and protects those owners from being personally liable in the event that the company is sued (a condition known as limited liability). Incorporation also provides companies with a more flexible way to manage their ownership structure. In addition, there are different tax implications for corporations, although these can be both advantageous and disadvantageous. In these respects, corporations differ from sole proprietorships and limited partnership.

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I didn't like the corporate structure of the place at all and felt the needed an overhaul if they were going to be successful.

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We received further direction from our corporate office on how we should effectively operate before and during the upcoming holiday season.

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The students got their first taste of the corporate environment during their time at the company through working with employees and executives doing data entry work.

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