Progressive Media Resources Group

Corporations are a legal entity that can form contracts and own property. That's all.

They exist to protect wealth. Partners in corporations have their invested interests separated from their personal finances. Partners in corporations risk no more than the value of their stock or share should the corporation go bankrupt, commit crimes, or be forced to make any sort of reparation.

Corporations exist to outlive people. A money making cooperative where you can buy in or sell out of; where you can sell to or buy from; or where you can perform a function at for remuneration. One with the expressed purpose of lasting over time.
Or, so it was until the 1990's when vulture capitalism really took hold. before that, corporations were meant to last decades.