Depending on the number of owners, a corporation can be classified as aggregate (the subject of this article) or sole (a legal entity consisting of a single incorporated office occupied by a single natural person). Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: whether they can issue stock, or whether they are formed to make a profit. Most jurisdictions now allow the creation of new corporations through registration. : 10 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). Société à responsabilité limitée (SARL)Ī corporation is an organization-usually a group of people or a company-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.Gesellschaft mit beschränkter Haftung (GmbH).Limited liability limited partnership (LLLP).Scottish charitable incorporated organisation (SCIO).Charitable incorporated organisation (England and Wales) (CIO).
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