1.15 : 기업

A corporation is a form of business recognized as an independent entity, separate from its owners.

When a business entity incorporates, it is automatically classified as a C corporation unless it opts for a different designation, such as an S corporation.

A key benefit for the owners or the shareholders is limited liability, which means that they are not personally responsible for the debts and liabilities of the corporation.

Corporations may face complex regulations, like financial reporting and shareholder meetings, and are more expensive to operate than other business forms.

Consider Nike Inc., a prominent C corporation known worldwide for its athletic footwear, apparel, and equipment.

Nike operates independently of its owners. It can also own assets, borrow debt, and conduct business independently.

Nike uses its corporate status to expand its brand, enter new markets, and conduct business globally.

Nike shareholders benefit from the company's success through dividends and the potential for an increase in stock value.

The advantages of the corporate form in facilitating business expansion, global presence, and investor protection make it a popular choice for business organizations.