Corporation

Corporations (less commonly referred to as Joint-stock companies, limited liability companies, and shareholder ventures) are business entities that are unique for their distinct legal personalities (corporations being a legal person under most systems of law), shared ownership through the issuance of shares (termed shareholders), and the protection of a shareholder's personal assets from corporate debts. Corporations are often formed due to the risk of the ventures involved, and many corporations include mercenary companies, financial services companies, and trading companies.

The nature of corporations vary greatly between regions and states, due to the complex legalities surrounding corporations and their operations. It should not be assumed that the laws surrounding corporations in Stormwind are the same in Kul Tiras. For the purpose of this article, Stormwind will be used as the legal setting when talking about the details of corporations.

(WIP)