Corporation

A corporation or body corporate is an individual or a group of people, such as an association or company, that has been authorized by the state to act as a single entity (a legal entity recognized by private and public law as "born out of statute"; a legal person in a legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e., by an ad hoc act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration.

Extends: Companies, [Business law](https://wikipedia.org.ai/Business law), [Corporate law](https://wikipedia.org.ai/Corporate law), Corporations, [Legal entities](https://wikipedia.org.ai/Legal entities)