Corporation
Under French law, a corporation is a grouping which has a single identity for legal purposes. Generally speaking, a corporation is composed of a group of natural persons joined together to achieve a common objective. The grouping may also comprise natural persons and corporations. It may equally be composed of one sole element. The single legal identity confers certain rights and duties upon the corporation. French law distinguishes between: - corporations governed by public law: the state, regional authorities, public institutions etc., - legal entities governed by private law: the most common being enterprises, non-commercial companies, economic interest groups, associations. Some corporations governed by private law are responsible for managing certain public services.
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