system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: When people say that corporations are people and that they have human rights, what do they mean?
gpt
People are confused. Corporations are not people and don't have "human rights". However corporations are legal entities. They can own property and enter into contracts. For example if a corporation opens a bank account, money in that account belongs to the corporation, and not to the owners of that corporation. This is done primarily done to shield owners of the corporation (or stockholders) from its debts and liabilities. Let's say a corporation makes a mistake and injures someone who then files a $1,000,000,000 lawsuit against it. Only the corporation will be on he hook, not the stockholders. 

A corporation is also a separate legal entity for tax purposes. Corporate profit is taxed before it can be distributed to its shareholders.