Corporate personhood

Common card · No. 203862

Corporate personhood or juridical personality is the legal notion that a juridical person such as a corporation, separately from its associated human beings (like owners, managers, shareholders, or employees), has at least some of the legal rights and responsibilities enjoyed by natural persons. In most countries, a corporation has the same rights as a natural person to hold property, enter into contracts, and to sue or be sued. Limited liability is said to be a privilege conferred by the state as a result of act of incorporating or forming a business.

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