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Actually, a corporation must be something somewhat different than being a mere "group of people." Otherwise, why bother even legally defining what it is?
For any number of reasons...
- because it is advantageous for tax reasons
- to afford some form of protection of one's personal property in a culture swimming with trial lawyers
- to allow some owners to invest more or less than other owners and have commensurately differing levels of equity
- to protect the other owners in the event of death, divorce, etc. of an owner
- to be able to offer equity to attract investment, new talent, etc.
and so on...
None of this changes the fact that a corporation is, in essence, a group of entrepreneurs who have pooled resources in order to pursue an idea and (hopefully) make a profit.
Folks seem to forget that most corporations are small businesses.