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Corporation

A corporation is a group of persons that sit together to make and run a business. This business is considered an entirely different human and not related to the group which manages it.

Because it is recognized by governments as a separate person entirely, the corporation must pay its own taxes and conform to state and federal law. This difference of persons and corporation gives it special powers. A corporation's special powers are determined by the law of the country in which the corporation is set up.

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