"Corporate" typically refers to entities formed under the legal structure of a corporation, which is a type of business organization that is separate from its owners. Here's a brief summary of corporate entities: 1. **Legal Structure**: A corporation is a legal entity that is separate and distinct from its owners (shareholders). This separation provides limited liability protection to shareholders, meaning their personal assets are typically not at risk for the debts and liabilities of the corporation. 2. **Ownership**: Corporations are owned by shareholders, who elect a board of directors to oversee the management of the corporation. Shareholders typically have voting rights and may receive dividends as a return on their investment. 3. **Management**: The board of directors appoints officers, such as the CEO, CFO, and other executives, who are responsible for the day-to-day operations of the corporation. 4. **Capital Structure**: Corporations can raise capital by issuing stock (equity financing) or by borrowing funds (debt financing) through issuing bonds or taking out loans. 5. **Regulation**: Corporations are subject to various regulations and legal requirements, including corporate governance laws, financial reporting standards, and tax laws. 6. **Types of Corporations**: There are various types of corporations, including C corporations, S corporations, and B corporations, each with different tax treatments, ownership structures, and regulatory requirements. Overall, corporations play a significant role in the economy by providing a framework for businesses to raise capital, conduct operations, and engage in economic activities while limiting the personal liability of their owners.