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Corporation: Difference between revisions
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[[File:Corporation definition.png|alt=Corporation definition|thumb|'''Figure 1'''. Corporations are legally | [[File:Corporation definition.png|alt=Corporation definition|thumb|'''Figure 1'''. Corporations are legally people!<ref name=":0" /><ref name=":1" />]] | ||
'''A traditional corporate entity is a collective joined together by articles of incorporation in pursuit of profit.''' Although it may be comprised of individual parts such as directors, officers, and shareholders, a corporation is a legal entity in and of itself. This was determined by ''Santa Clara County vs Southern Pacific Railway'' in the U.S. Supreme court in 1886<ref name=":1">'''Santa Clara County v. Southern Pacific''', U.S. Supreme Court (1886): 118 U.S. 394. Decided: May 9, 1886. Accessed 6<sup>th</sup> Jan 2022 via https://supreme.justia.com/cases/federal/us/118/394/</ref>. This case precedent was a dispute over a railway route and determined whether the U.S. Supreme Court identified a private corporation as a “'''''natural person'''''” under the U.S. Constitution and therefore entitled to protection under the Bill of Rights. | '''A traditional corporate entity is a collective joined together by articles of incorporation in pursuit of profit.''' Although it may be comprised of individual parts such as directors, officers, and shareholders, a corporation is a legal entity in and of itself. This was determined by ''Santa Clara County vs Southern Pacific Railway'' in the U.S. Supreme court in 1886<ref name=":1">'''Santa Clara County v. Southern Pacific''', U.S. Supreme Court (1886): 118 U.S. 394. Decided: May 9, 1886. Accessed 6<sup>th</sup> Jan 2022 via https://supreme.justia.com/cases/federal/us/118/394/</ref>. This case precedent was a dispute over a railway route and determined whether the U.S. Supreme Court identified a private corporation as a “'''''natural person'''''” under the U.S. Constitution and therefore entitled to protection under the Bill of Rights. | ||
==Behaviour== | ==Behaviour== | ||