system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: The difference between a corporation, a company, and a business

Bonus points: why is it that it's specifically corporations that are associated with villainy in so much fiction, and not all companies in general?
gpt
I think you are confusing a few terms as they are all intertwined. Business is a trade of goods or services, thus most companies are engaged in business. And corporation means that the company is a legal entity, in this case the most important thing you should note is liability (what you owe). Say your company owes $100,000 but the whole plant/land/assets is only worth $50,000 and you go bankrupt. You only have to pay $50,000 to whomever you owe. However if you are not a corporation (in which case your likely a sole proprietor or partnership) and lets say you are in the same situation as above. They take your $50,000 from the company, then they can take your personal house, car, land etc to make up for the other $50,000.