Corporation

An entity established and treated by law as an individualA person as defined. or unit with rights and liabilitiesYour debts and other monetary obligations., or both, distinct and apart from those of the persons composing it. A corporation is a creature of law having certain powers and duties of a natural personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)).. Being created by law it may continue for any length of time the law prescribes.