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The first corporations were towns, universities, and ecclesiastical orders, chartered by government and regulated by public statute.
More about corporations:
Speaking about the founding of the corporation, these ventures had their start in 1600 when Queen Elizabeth I gave a group of merchants the power to form "one body corporate" and gave the East Indies a trading monopoly.
In support of corporate social responsibility the 500 largest U.S. corporations account for three-quarters of the American economy. The best management systems use highly structured, impersonal management systems.
A three-part entity called a corporation consists of: Stockholders own the company, contribute the capital, and have liability that is only as great as their investment. Managers oversee daily operations. Producing the goods and services are the employees.
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