Question
Updated on
13 May 2015
- Simplified Chinese (China)
-
English (US)
Question about English (US)
What is the difference between company and corporation ?Feel free to just provide example sentences.
What is the difference between company and corporation ?Feel free to just provide example sentences.
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- English (US)
A corporation is a company that has been incorporated, giving it the same legal status as a person. This is usually shown by "inc." after the name.
In common speech, "corporation" usually refers to a large company.
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- English (US)
- Vietnamese
- English (UK) Near fluent
A corporation is a type of company owned by a group of shareholders. It is independent from its owners. For example, if the corporation is in debt, its owners will not lose their house to pay for the debt.
(In smaller companies that are not corporations, the owners may need to sell their house or other posessions to pay for their business).
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