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corporacion vs asociacion

  • Posted Mar 18, 2010
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cor·po·ra·tion (kôrp-rshn) n. 1. A body that is granted a charter recognizing it as a separate legal entity having its own rights, privileges, and liabilities distinct from those of its members.


It can be formal, with rules and/or by-laws, membership requirements and other trappings of an organization, or it can be a collection of people without structure. An association is not a legally-established corporation or a partnership.

In an association there is more responsibility (and liabilities) given to the members as there is no legal entity that say can be sued, or issue stock, etc.

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