Definitions for "For-Profit Corporation" Add To Word List
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a business structure formed by filing articles or incorporation (or similarly named documents) with the appropriate state agency (again, usually the secretary of state)
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a corporation created for the purpose of conducting business in the widest sense of the term
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a joint stock company, except that the shareholders have no liability towards the corporation's debts
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a system designed to generate profits
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A for-profit corporation is a corporation that is intended to operate a business which will return a profit to the owners. A for-profit corporation, depending on the jurisdiction to which it is incorporated, may be operated either as a stock corporation or as a non-stock corporation.
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