Nail Glossary by NailMOB

Nail Industry Encyclopedia & Definitions



Definition of Corporation

  1. A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. One of the most important legal benefits of incorporating is the safeguarding of personal assets against the claims of creditors and lawsuits.

Added to the Nail Glossary on November 14, 2016

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