Definition, Meaning & Synonyms

corporate-firm

Noun
/ˈkɔːpərət fɜːrm/
Definition
A corporate firm is a business entity that has been incorporated, meaning it is legally recognized as a separate entity from its owners.
Examples
  • Many corporate firms are now focusing on sustainability to improve their reputation.
  • The corporate firm announced a merger with a smaller startup.
  • He worked for a corporate firm that specialized in technology consulting.
Meaning
The term refers to an organization or company that operates under a legal framework that provides certain rights, responsibilities, and protections to its shareholders.
Synonyms
  • business corporation
  • company
  • enterprise
  • limited liability company (LLC)