The corporation is a legally constituted entity that can own property and borrow money. It's a group of people who are currently expected to act as if they're a single entity, with necessary provisions that are separate from the business's other groups.

The term "legalists" is usually used to refer to businesses. This means that businesses, like individuals, can engage into contracts, make loans, own property, file lawsuits, collect money, and begin or be subjected to legal action. Companies come in a variety of shapes and sizes, but the majority of them are used for business. Corporate framework legislation, also known as community legislation, is by far an organization's most unique specialisation.
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