fundamental
2006-12-15 19:01:19 · 9 answers · asked by himmat 1 in Business & Finance ➔ Corporations
A corporation is a business that is organized under certain rules that gives it rights similar to those of an individual. The owner(s) of a corporation are not personally liable for the corporation's actions to any greater extent than the amount of their personal investment.
2006-12-15 19:11:06 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I am a 10 yr old boy standing in the corner of a boulevard selling lemonade. I do a business or own a business. I am a 25 yr old dude working for a manufacturing industry (yet anther term) and heading to a meeting. We all talk business there.
I am a 40 yr old person who is the vice persident of a body constituting a set of business whose elements have been approved by an approving committee. We call this body as a corporate. Business is an intangible element while corporate is a tangible.
Exxon Mobile is the largest corporate in the world and we also say Exxon Mobile runs the largest petroleum business in the world.
An intersting question raised pal !!
2006-12-16 03:22:21 · answer #2 · answered by Jack Loves Money 3 · 1⤊ 0⤋
Just off the top of my head without looking it up or researching the answer:
The biggest difference between a corporation and a business is that a corporation will be owned by shareholders [U.S.A.] or stakeholders [the rest of the English speaking world].
Those shares can either be publicly owned or privately owned or some of both.
A business normally does not have any shares issued because when it crosses the threshold and does have shares issued it has become or is becoming a corporate business entity.
Does this answer help any?
2006-12-17 21:16:49 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Corporate sectors r those which conduct business through a formal organised set up and duly establishing an entity under the prevailing laws.
But business is business. It has no relationship with corporate, hence no difference nor similarity.
2006-12-19 06:15:55 · answer #4 · answered by Steve 1 · 0⤊ 0⤋
Business means an act of trade where you sell something for profit.
A corporation is a legal entity where shares are brought to show ownership. There're 2 types of corporation. The 1st is the one where the shares are privately owned while the 2nd one's shares are publicly owned.
2006-12-16 03:29:24 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Business: Activity or accupation. ex1. The business of steel trading ex2. Shell is engaged in the business of gas distribution.
Corporate: A form of legal entity or a body that does the business. Ex 1. Shell (the corporate) is engaged in gas distribution (the business).
2006-12-16 04:56:19 · answer #6 · answered by mms 2 · 0⤊ 0⤋
Corporate always mean companies whereas business can assume any identity.
2006-12-16 11:15:35 · answer #7 · answered by cvrk3 4 · 0⤊ 0⤋
basically...
corporates run by law. corporate run by professionals.
business run by trust. business run by families or friends.
2006-12-18 07:48:13 · answer #8 · answered by SureshkumarYVS from hyderabad 3 · 0⤊ 0⤋
buisness is a profitable venture performed by one or more individuals corporate is group of parties
2006-12-16 04:23:23 · answer #9 · answered by sarbjit s 1 · 0⤊ 1⤋