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A corporation is a company or a group of people or an organization authorized to act as a single entity (legally a person) and recognized as such in law.Early incorporated entities were established by charter (i.e. by an ad hoc act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration.

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The Mondragon Corporation is a corporation and federation of worker cooperatives based in the Basque region of Spain.It was founded in the town of Mondragon in 1956 by graduates of a local technical college. Its first product was paraffin heaters.It is the tenth-largest Spanish company in terms of asset turnover and the leading business group in the Basque Country.

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