<human>:  What is the definition of a corporation?
<bot>: A corporation is a legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise. It is an artificial being, invisible, intangible and existing only in contemplation of law with a legal personality, and a perpetual succession of members. It can be a public or private institution and can own, operate, and even transfer property.