A '''corporation''' is a legal entity which, while being composed of ''[[natural person]]s'', exists completely separately from them. This separation gives the corporation unique powers which other [[legal entity|legal entities]] lack. The extent and scope of its [[Status (law)|status]] and [[capacity (law)|capacity]] is determined by the [[law]] of the place of [[incorporation]]. | A '''corporation''' is a legal entity which, while being composed of ''[[natural person]]s'', exists completely separately from them. This separation gives the corporation unique powers which other [[legal entity|legal entities]] lack. The extent and scope of its [[Status (law)|status]] and [[capacity (law)|capacity]] is determined by the [[law]] of the place of [[incorporation]]. |