under corporate law a corporation that officially states its purpose is
Under corporate law, corporations of all sizes have separate legal personality, with limited or unlimited liability for its shareholders.orporate law is a part of a broader companies law (or law of business associations).
Corporate law (also company or corporations law) is the study of how shareholders, directors, employees, creditors, and other stakeholders such as consumers, the community and the environment interact with one another. Corporate law is a part of a broader companies law (or law of business associations). Other types of business associations can include partnerships (in the UK governed by the Partnership Act 1890), or trusts (like a pension fund), or companies limited by guarantee (like some community organizations or charities).