from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. An organization such as a company or trust fund that the law treats as if it were a person, capable of entering into contracts and of being sued.


Sorry, no etymologies found.


  • Another example is the low-profit limited liability company, or L3C, which is a for-profit legal entity with the explicit purpose of engaging in socially beneficial activities.

    Creative Capitalism


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