Corporation legal nature

Types of companies in USA

5), the modern corporation has all five of the following characteristics:

Types of companies in USA

As a separate legal entity, the corporation has a perpetual life.
This means that it can continue as an entity indefinitely until the shareholders/owners choose to dissolve it.
A corporation continues to exist even after the death, incapacity, or withdrawal of shareholders, directors, or officers..

What is the legal life of a corporation?

As a separate legal entity, the corporation has a perpetual life.
This means that it can continue as an entity indefinitely until the shareholders/owners choose to dissolve it.
A corporation continues to exist even after the death, incapacity, or withdrawal of shareholders, directors, or officers..

What is the nature of the corporation?

A corporation is organized and set up as a separate legal entity, which means that it's essentially a separate individual.
As such, a corporation can own and dispose of property in its own name.
It can also sell stock, a share of ownership of the corporation..