Examlex
Define the dimension of community and give two examples.
Corporation
A legal entity that is separate and distinct from its owners, who are shareholders, and is recognized as such by law with rights and liabilities that are distinct from those of its members.
Legal Entity
An organization or structure that has legal rights and obligations, including the ability to enter into contracts and sue or be sued.
Shareholders
Individuals or entities that own shares in a company, thus holding a portion of the company's ownership and sometimes entitled to dividends and a say in company decisions.
Joint Venture
A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project.
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