Large business organizations owned by shareholders and recognized by law as single legal entities.
From Latin 'corporatio' (combination of people), derived from 'corpus' (body). The term evolved to describe groups of people united as one legal body for business purposes.
The concept of corporations as 'legal persons' is wild—a corporation can own property, make contracts, and even be sued, but it has no body, no brain, and no mortality like actual people do! This legal fiction changed how business and society work.
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