No matter whether you own a small business unit or a multinational company, your business entails

major responsibilities which need to be fulfilled without any compromises. At the same time, your
business also enjoys certain rights which differ from place to place. In order to understand the social
responsibilities of the corporation, it is also important to understand the corporation’s rights. Another
key component of the CSR debate is the corporation’s self-interest.

As a business owner, you have the right of decision making for each and every aspect related to your
business processes. You have the right to run business in any manner, following any strategy until and
unless you are not violating any state or federal law. There is no limit of capital or efforts invested to
ensure success and increased business productivity. You are free to frame new and effective business
strategies that add new customers and increase revenue in the competitive business era. But when we
consider the social obligations of a corporation, it is necessary to note that the corporation supports
society simply by providing work for workers and manufacturers, by providing value to consumers, by
providing a return on investment to shareholders, by contributing its part towards the welfare of the
society and by paying taxes to governments. If you apply the continuous advancement required to
sustain revenue and profitability to the mix, so the business should be deemed to be an immensely
positive and prosperous member of a stable society. Nevertheless, the business will still damage the
communities in which it runs. Doing any of the above does not guarantee the long-term survival of a
corporation and does not compensate for the need for an effective CSR policy established through the
company.

A corporation is a legal entity that is separate and distinct from its owners. Corporations enjoy most of
the rights and responsibilities that individuals possess: they can enter contracts, loan and borrow
money, sue and be sued, hire employees, own assets, and pay taxes. Some refer to it as a "legal person."
Under US law, the Supreme Court has extended portions of the Bill of Rights to corporations. The basis
of these rights rests in the concept of corporate personhood. That is why Citizens United was important
because it decided (apparently definitively) that corporations enjoy the same First Amendment rights to
free speech as individuals.