Corporations legal rights

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.
The notion of a legally sanctioned corporation remains controversial for several reasons, most of which stem from the granting of corporations both limited liability on the part of its members and the status and rights of a legal person.
Some opponents to this granting of personhood to an organization with no personal liability contend that it creates a legal entity with the extensive financial resources to co-opt public policy and exploit resources and populations without any moral or legal responsibility to encourage restraint.
In the United States, a separate legal entity (SLE) refers to a type of legal entity with detached accountability.
Any company is set up as an SLE to legally separate it from the individual or owner, such as a limited liability company or a corporation.

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