Corporation And Firm Companies in Malaysia

A corporation is a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law. Early incorporated entities were established by charter (i.e. by an ad hoc act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration.

A firm is a business organization, usually a partnership, limited liability company, or sole proprietorship, that sells goods or services to make a profit.