Corporate legal definition

Corporations are the preferred legal entity for businesses that are or plan to be publicly traded.
Accessing public markets for investment capital is not the only reason to choose a corporation.
There are primarily three types of corporations that businesses form based on sections of the Internal Revenue Code:

The United States itself is not a standard corporation incorporated under any nation's laws (or its own), however the US may form and make use of various standard corporations internally.
Now that we're done with the formalities, let's debunk some pseudo-legal claims! .

Corporate law, also known as company law or corporations law, deals with corporations forming and operating.
This is related to contract and commercial law.
The corporate law makes up the rules, practices, regulations, and laws that control the creation and operation of any corporation.
This body of law governs legal entities that conduct business.

A corporation is a legal entity that is separate and distinct from its owners.
Under the law, corporations possess many of the same rights and responsibilities as individuals.
They can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes.
Some refer to a corporation as a "legal person." .