A corporation is an organizationusually a group of people or a companyauthorized by the state to act as a single entity and recognized as such in law for certain purposes.
Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered into two kinds: by whether they can issue stock or not, or by whether they are formed to make a profit or not. Corporations can be divided by the number of owners: corporation aggregate or corporation sole.
Where local law distinguishes corporations by the ability to issue stock, corporations permited to do so are referred to as “stock corporations”, ownership of the corporation is through stock, and owners of stock are referred to as “stockholders” or “shareholders”.Corporations not permited to issue stock are referred to as “non-stock” corporations; those who are considered the owners of a non-stock corporation are persons who have obtained membership in the corporation and are referred to as a “member” of the corporation.
Since the GmbH and LLC forms of organization are technically not corporations , they will not be discussed in this article.
The Justice Department filed a civil lawsuit against Edward Snowden, arguing he violated government nondisclosure agreements by publishing a book about his 2013 disclosures of classified surveillance programs.