Respuesta :
It is untrue that the board of directors of a corporation ultimately controls it. It is a corporation, making it a separate legal person from its owners.
A corporation is a legitimate entity that exists independently of its owners. Many of the same legal rights and obligations that apply to individuals also apply to businesses. They have legal authority to make agreements, lend and borrow money, file lawsuits, hire staff, possess property, and pay taxes.
The majority of big companies are corporations, such Toyota Motor corporation. Some businesses operate both under their own names and under several trade names, such as illustrious parent company, Alphabet Inc.
While a corporation's exact legal definition varies from one jurisdiction to the next, restricted liability is always its most crucial feature. As a result, shareholders are not individually responsible for the debts of the business but may share in the gains through dividends and stock appreciation.
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