This is because corporations are treated as distinct legal entities from their founders and shareholders. (stockmonkeys.com)
Both are considered distinct legal entities from their owners (shareholders), and both adhere to the same corporate formalities. (rocketlawyer.com)
Stand's 2010 and 2011 work in Illinois on teacher effectiveness illustrates how the three distinct legal entities inform, educate, and advocate for specific legislative proposals. (educationnext.org)