- A body politic or corporate, formed and authorized by
law to act as a single person, and endowed by law with the capacity of
succession; a society having the capacity of transacting business as an
individual.
Pension Benefit Guaranty Corporation (PBGC) Pension Benefit Guaranty Corporation (PBGC) is a federal corporation that guarantees the payment of vested or nonforfeitable benefits up to
Agreement corporation Agreement corporation is a corporation chartered by a state to engage in international banking: so named because the
Virtual Corporation The Virtual Corporation— a revolutionary idea that was popularized by consultant William Davidow, refers to a firm whose employers and employees are ...
Nonprofit corporations Nonprofit corporations are organizations formed to further the interests and objectives of educational, religious, social, charitable, and cultural groups. No stock is issued, but the members of the organization enjoy the advantage of limited liability.
Open corporation Open corporation is a corporation whose stock can be purchased by anyone who an afford the price.
Government or public corporation Government or public corporation is a corporation organized by a city, county, state, or federal government to serve a specific segment of the population.
Close corporation Close corporation is a corporation whose stock cannot be purchased by the general public: it is usually owned by a few individuals.
Certificate (articles) of incorporation Certificate (articles) of incorporation is the application to incorporate that must be filed with the secretary of state, which becomes the corporation’s character after it is approved.
Alien Corporation Alien Corporation is a firm incorporated in a country other than the one in which it operates.
Definition
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