Title: (Optional) Summarize the legal requirements and the advantages and disadvantages of a corporation.
Course: Business Law (12054-18) > Section: Analyzing Types of Business Organizations

Summary should include the following points:

- A corporation requires a state charter.
- A corporation is a legal entity that exists separately from its owners.
- Investors in a corporation risk losing only what they have invested.
- Limited Liability Companies (LLC) differ from general business corporations.
- Corporations that are public are subject to a different level of scrutiny than private companies.
- Corporations must comply with applicable government rules and regulations.