This is a business that should be considered a separate legal entity and removed from the owners, meaning it is established by law and endowed with certain legal rights and duties of a human being. . It follows rules in governing how it is organized and how it conducts its business, which are called corporate laws. A corporation can act like any business activity, it can enter into binding contracts, borrow money, own property, pay taxes, it can take legal action (such as lawsuits) in its own name , it can also join in a partnership or owner of another company, the process of obtaining this form is longer, there is more paperwork and higher fees, unlike a sole proprietorship and a partnership, you must file articles of association and pay filing fees. Shareholders (owners) elect individuals to represent their interests, called a board of directors. These directors establish the company's missions and objectives. It can also transfer ownership very easily. Owners sell their shares, they can sell them to the public, however, a shareholder must sell them to another shareholder if no one is interested, then the shares can be sold to the public, so this type of form is required for large companies such as Apple and