False , Because In 1818 Illinois Joined The United States ... <span />
Answer:
A group of people that own a form of business and run the affairs of the business together is known as corporation. An example is a set of pepper sellers in a market
Explanation:
Corporation is a set of organization made up of different set of people who own a business or company who will get their authorization from the government through the state act to come together as a single entity after meeting up all legal requirements.
Moreover, it must be stated that the main aim of this pepper sellers coming together to form a corporation is the profit motive.