“Incorporation” is the process that many business owners go through to legally separate themselves from their business and protect their personal assets. Incorporating a business means filing documents in a state to turn the business into a legal entity. Most businesses incorporate as either a corporation or a limited liability company (LLC).
A corporation is a legal form of business organization, chartered by a state, that exists as a separate entity from its owners. In the United States, the default corporate form is the C corporation (C corp), named for the subchapter of the Internal Revenue Code that governs its taxation.
What Is a Corporation in Business? A corporation is a legal entity created by individuals, stockholders, or shareholders, with the purpose of operating a business for profit. A corporation, by definition, exists as a separate legal structure from its owners and is recognized under state laws.
Core and corps both rhyme with more. Core can be a noun, verb, or adjective, but is most often used as a noun to refer to the central or most important part of something (“the core of the issue,” “the Earth’s core”) or to the usually inedible central part of a fruit (“an apple core”).
The best way to contact us is via email: corp@courts.az.gov. Please contact the Public Safety Personnel Retirement System (PSPRS) by phone at (602) 255-5575 if you have questions about retirement, your plan contributions, or survivor's benefits.
Find out what takes place in the formation of a corporation and the resulting tax responsibilities and required forms.
McDonald's Corporation is one of the most recognizable corporations in the world.