whats thedifference between enterprise and corporation?

Answer 1

A corporation is a legal entity, a form of business organization that provides for protections against personal liability for the humans who "own" it. Forming a corporation requires the filing of certain papers with (in most states) the Secretary of State's office; these papers give the corporation legal status, bring the corporation under relevant state law, and provides a means for those who have legal issues against the corporation to know the name and address of the human to serve papers on in a lawsuit.

An enterprise is a term that means, generally and in this context, an undertaking by one or more persons, probably with the purpose of making a profit. No legal status, just a word that describes a certain kind of human activity.

Answer 2

Any business can be considered an enterprise. An enterprise is the undertaking of something, usually a project, a business, or other activity. A partnership is an enterprise, so is a corporation, a sole proprietorship, a university, a hospital, and a child care center.

A corporation is a legal business entity created by the state, having most of the privileges of an individual person. A corporation is an artificial person, operating under a charter granted by the state. Usually the corporation is governed by a board of directors and managed by people who operate the business. The business may be a hospital, a manufacturing company, a nursing home, and virtually anything else. Some corporations are public, that is, their ownership is represented by shares that trade in stock markets. Private corporations also issue shares to their owners, but the shares are not traded.

Answer 3

Corporation is a legal entity. An enterprise can be any activity.