A U.S. Corporation is a legal entity created under state law that allows individuals to conduct business as a separate entity from its owners. This structure provides limited liability protection, meaning that the personal assets of shareholders are generally protected from business debts and liabilities. Corporations can raise capital by issuing shares of stock, making it easier to attract investors. There are different types of U.S. Corporations, including C Corporations and S Corporations, each with distinct tax implications and operational rules. Corporations must adhere to specific regulations, including filing annual reports and holding regular meetings, to maintain their legal status.