At&t is also considered as public corporation. Public corporate law, which has connections to both contract and business law, regulates how corporations are formed and run. A corporation is a distinct legal entity constituted by the state laws of the jurisdiction in which it was incorporated.
It is regarded as a separate legal entity from its stockholders, with the capacity to bring legal claims and defend against them. Public Corporations pay less tax than individuals do. Because a corporation has an eternal existence, the passing of its shareholders and executives has no impact on its legal form. The formation, creation, and dissolution of corporations are governed by state laws.
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