A corporate vehicle refers to a legal entity, such as a corporation or limited liability company (LLC), that is created to conduct business activities. This structure allows businesses to operate independently from their owners, providing liability protection and facilitating easier management of assets and operations. Using a corporate vehicle can also offer tax advantages and enhance credibility with customers and suppliers. Common types of corporate vehicles include C corporations, S corporations, and LLCs, each with distinct legal and tax implications that can affect how a business is run and taxed.