Comment: Yes, it does.

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In reply to comment: OMG LOL Does it matter THAT much!? (see in situ)

Yes, it does.

Just as Velveeta has softened throughout his comments to this post by making the distinction between "corporation" and "business", so too is an important distinction between legal, illegal, and non-legal. I would drop it if it weren't highly pertinent here. You have it 180 degrees backward. A corporation today is the same as it was prior to 1819 in that it is ENTIRELY a legal designation.