In order to know the meaning of the term corporation, we must first discover its etymological origin. In this case, we can state that it is a word that comes from the Latin "corporatio" which, in turn, is the result of the sum of two components of that language:
-The verb "corporare" that can be translated as "forming a body."
-The suffix "-tio", which is synonymous with "action and effect".
It is a organization composed of individuals who are responsible for the government of the entity itself. The notion also refers to a company large size that usually contains or gathers other minors.
For example: “I worked for twenty years in this corporation and from one day to the next, I was fired to make the budget smaller”, “The corporation was denounced for contaminating the river with its industrial waste”, "The merger of the three companies will result in a corporation that, according to analysts, will dominate more than half of the market".
It can be said that a corporation is a company or a set of people acting as a single entity. When a corporation cannot issue Actions , their owners are members of the organization. On the other hand, if the corporation issues shares, its owners are the shareholders. In the case of non-profit corporations, they never issue shares.
It should be noted that the shareholders of a corporation, beyond having ownership of it in the percentage indicated by their shares, do not usually handle the management . It is usual for a board of directors Have such responsibility.
Corporations can be dissolved by the decision of their shareholders or by a legal indication. It is important to keep in mind that, as legal persons , corporations have rights and obligations that the legislation is responsible for establishing.
In the same way, we cannot ignore that it is a term that it uses within what is the political sphere. Specifically, it is very common to talk about municipal corporation, which is the internal structure that exists in the town halls of each population and is responsible for maintaining what is the organization of the council itself.
Thus we can state that within that municipal corporation there is both the mayor's office and the deputy mayor, the councilors who are responsible for the different areas, the information commissions, the special commissions such as the accounts, the board of Local Government and also the full.
Specifically, we can establish that this municipal corporation, through the aforementioned forms, will be made up of the mayor as well as the rest of the councilors of the different political parties that got the support of the neighbors and, therefore, , representation in municipal elections held in that population.