A good and heavy question you raise and one which very few even anyone could really answer it is a very loaded question Maybe we should first look up corporation
Without stating what many on this site realize already but WE are a Corporation ( each and everyone of us) from the day you were born from your birth certificate through Maritine & Admiralty which is banking law that is, your mother gives birth at the dock she is of ‘financial value’ ie common stock or preferential stock ( acommodity ) she is a ‘Corporation’ a business
What is the definition of Corporation
The most common form of business organization, and one which is chartered by a state and given many legal rights as an entity separate from its owners. This form of business is characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern. The process of becoming a corporation, call incorporation, gives the company separate legal standing from its owners and protects those owners from being personally liable in the event that the company is sued (a condition known as limited liability). Incorporation also provides companies with a more flexible way to manage their ownership structure. In addition, there are different tax implications for corporations, although these can be both advantageous and disadvantageous. In these respects, corporations differ from sole proprietorships and limited partnerships.
1. A body that is granted a charter recognizing it as a separate legal entity having its own rights, privileges, and liabilities distinct from those of its members.
2. Such a body created for purposes of government. Also called body corporate.
3. A group of people combined into or acting as one body.
4. Informal A protruding abdominal region; a potbellyhttp://en.wikipedia.org/wiki/CorporationGetting back to your post or to put it another waycorporation Definitions (3)
1. Firm that meets certain legal requirements to be recognized as having a legal existence, as an entity separate and distinct from its owners. Corporations are owned by their stockholders (shareholders) who share in profits and losses generated through the firm's operations, and have three distinct characteristics,
(1) Legal existence: a firm can (like a person) buy, sell, own, enter into a contract, and sue other persons ( Don't know whether that 'persons' is your strawman ( otherwise known as the legal fiction) or the real you ) and firms, and be sued by them. It can do good and be rewarded, and can commit offence and be punished.
(2) Limited liability: a firm and its owners are limited in their liability to the creditors and other obligors only up to the resources of the firm, unless the owners give personal-guaranties.
(3) Continuity of existence: a firm can live beyond the life spans and capacity of its owners, because its ownership can be transferred through a sale or gift of shares.Mind you, don’t know if a PERSON is YOU think it is.
Conclusion - Is your question referring to the following Corporations - Police, Local Authorities, Utility, companies,etc. etc. or to the Legal fiction Corporation, to the police, Local authority, etc. we are obliged to owe money to, as far as the LF is concerned cannot answer speak to a legal beagle.http://www.businessdictionary.com/defin ... ation.html