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Aggregate Corporation - An aggregate corporation is a corporation, of varying sizes, that has more than one shareholder. As we, all know a corporation is a separate entity from the person who owns it, and generally, an aggregate corporation, although still a separate entity, has two or more shareholder; whereas a corporation has a sole shareholder, mainly in the form of the person who owns it. The reason people incorporate their companies is because this way they have limited liability and provides the company a separate legal footing from its owners. By incorporating their companies, the owners sustain protection to a various debt, legal, and tax proceedings. |