Legal Dictionary
Legal Terms Made Easy to Understand
![](../../d3vdywelfqjr3z.cloudfront.net/static/imgs/bizcounsel/page/legal-dictionary/legal-dictionary.jpg)
![](../../d3vdywelfqjr3z.cloudfront.net/static/imgs/bizcounsel/page/legal-dictionary/legal-dictionary.jpg)
Select legal terms
What is a Corporation?
A legal entity formed under applicable state law with its existence being recognized as separate and distinct from that of its owners or shareholders.
See Also: Limited Liability Company (LLC), Partnership
See how we’ve reimagined the legal experience