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)