What is the Definition of ‘Corporation’?
A corporation is a business organized as a legal entity separate and distinct from its owners under state corporation law.
How Did Justice John Marshall Define ‘Corporation’?
In 1819 Chief Justice John Marshall defined a corporation as “an artificial being, invisible, intangible, and existing only in contemplation of law.
Are Corporations People?
Corporations are owned by people (shareholders or stockholders) who purchase the stock, but the corporation itself isn't a human being, or human beings, or people. People fall in love, they beget children, they can read and write--corporations don't have these attributes and many others that make people people.