Final answer:
A corporation is a business structure that provides protection from liability to individual owners, as the company is legally seen as its own entity.
Step-by-step explanation:
A corporation is a business structure that provides protection from liability to individual owners, as the company is legally seen as its own entity. It is a group of people authorized by law to act as a single entity, usually for the purpose of making money. Corporations may be private or public, and may or may not have publicly traded stock. They may raise funds to finance their operations or new investments by raising capital through selling stock or issuing bonds.