ABSTRACT
Corporations were used prior to the creation of the United States of America. The English monarch created corporations to carry out speci¿c tasks that he wanted to be done, either within England or somewhere in England’s colonies. If you look up the de¿nition of a corporation you will ¿nd a brief statement that essentially ¿ts that description. That is, a corporation is a legal entity consisting of positions and resources that is chartered by a government to carry out some particular function. There will also likely be some reference to corporations having the legal status of a person (AllBusiness 2010).
