Where do corporations get their legal authority to operate?
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http://www.corporateresourceguide.com/history/what-is-a-corporation-and-where-do-corporations-get-their-legal-authority-to-operate/
Not only do corporations owe their existence to state law, but they are also governed and regulated by the corporate laws of the state in which they are incorporated and/or in which they choose to do business.
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