Corporations formed by individuals to perform non-governmental functions are referred to as?

The term for corporations formed by individuals to perform non-governmental functions is "private corporations." This designation is used to describe entities that operate for the benefit of private individuals or groups, rather than for the public at large or under the control of governmental authority.

Private corporations can engage in various activities, including business operations and services, which contrasts with public corporations that are owned and operated by government entities to serve the public's interests. Non-profit corporations are specifically created to further social causes and do not operate for profit, while governmental corporations are established and operated by government entities to meet specific public needs. Thus, private corporations are distinct in their purpose and ownership structure, focusing on private interests rather than public service.