ELI5: Explain Like I'm 5

Corporate personality

Corporate personality is kind of like having a pretend friend, but it's actually a group of real people who are working together as a team to create something big. When people come together to start a business or a company, they create a make-believe "person" that everyone can talk about as if it were real. This make-believe person is called a "corporation."

Just like when you have a pretend friend, the corporation has its own personality. This means that people can talk about it like it's a real person with its own characteristics and quirks. For example, some people might say that Apple is very creative and innovative, while others might say that McDonald's is very focused on making money.

The reason that people talk about corporations like they are people is because they have legal rights, just like real people. This means that the corporation can own property, make contracts, and sue people just like a real person could. So even though it's not a real person, the law treats it like one.

So, in summary, corporate personality is a make-believe personality that people give to a group of real people who are working together to create a big business or company. This make-believe personality has legal rights just like a real person, which is why people can talk about it and treat it like it's a real person.
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