A type of company, a legal entity where the ownership has been arranged into shares. A shareholder has no responsibilities to the company and the potential losses of the shareholder are limited to the value of the stock turning to zero in the case of a bankruptcy
Where an association meets the requirements to form a legally recognisable entity which then has its own legal existence apart from the members of the association •Liability for Others
A 'politically independent' area In Ontario a town may become incorporated once it reaches a certain population, and at the time of incorporation they are no longer considered part of the township municipality, and are then recognized as a separate municipality