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TeachMeFinance.com - explain Public Corporation Public Corporation -- 1. A business corporation with shares traded among the general public, such as through a stock exchange. 2. Also, an instrumentality of the state, founded and owned by the public interest, supported by public funds, and governed by those deriving their authority from the state. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.