Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: by whether they can issue stock, or by 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 "born out of statute" a legal person in legal context) and recognized as such in law for certain purposes.Gesellschaft mit beschränkter Haftung (GmbH).Limited liability limited partnership (LLLP). ![]()
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