Corporate businesses are large organizations that operate to generate profit by providing goods or services. They are typically structured as corporations, which means they are legally recognized entities separate from their owners. This structure allows them to raise capital, limit liability, and continue existing beyond the involvement of individual shareholders.
These businesses can vary in size and scope, ranging from multinational corporations like Apple and Coca-Cola to smaller regional firms. They often employ thousands of people and contribute significantly to the economy by creating jobs, paying taxes, and driving innovation through research and development.