{"id":179243,"date":"2021-05-05T05:15:00","date_gmt":"2021-05-05T09:15:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/glossary-terms\/corporation\/"},"modified":"2023-01-22T13:31:11","modified_gmt":"2023-01-22T18:31:11","slug":"corporation","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.com\/campus\/glossary-terms\/corporation\/","title":{"rendered":"Corporation"},"content":{"rendered":"
    \n
  1. A legal entity that is separate and distinct from its owners. A corporation enjoys the same rights and responsibilities as an individual, including the right to enter into contracts, borrow and lend money, hire employees, own assets and pay taxes.<\/li>\n
  2. An Interactive Brokers Client Type that represents an account in the name of a corporation, managed on the corporation’s behalf by the corporation’s officers or authorized traders.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    A legal entity that is separate and distinct from its owners. A corporation enjoys the same rights and responsibilities as an individual, including the right to enter into contracts, borrow and lend money, hire employees, own assets and pay taxes. 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