Entity and corporate filings
Corporation
A business entity owned by shareholders and run by officers and directors. Regulators vet its officers, directors, and major shareholders.
A corporation is a business structure owned by shareholders and run by directors and officers, with its own legal identity separate from its owners. It carries more formality than an LLC.
On a license application a corporation shapes who the regulator reviews: directors, officers, and significant shareholders often become the control persons subject to disclosure and background checks. The structure follows your tax and governance goals, not the license type.
Related terms
Where this comes up
Corporation is one piece of getting and keeping a business licensed. We handle the filings, bonds, and renewals that surround it across every state where you operate.