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Corporations and Other Types of Businesses, Corporations

abbreviation, separate entity, shares of stock, idea, United States

In the United States a corporation is chartered by one of the 50 states as a legal body. That means it is, in law, a separate entity from its owners, who own shares of stock in the corporation. In the United States, corporate names often end with the abbreviation Inc., which stands for incorporated and refers to the idea that the business is a separate legal body.

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abbreviation, separate entity, shares of stock, idea, United States, law, owners, corporation, business

 
 

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