A corporation is a separate legal entity apart from its owners.

Name: A corporation is a separate legal entity apart from its owners.
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A corporation is considered a separate legal entity, which means it can own assets, enter into contracts, and engage in business activities independent of its owners. This is one of the primary advantages of forming a corporation, as it provides liability protection and can help shield personal assets from business debts or legal claims.

A Corporation Is a Separate Legal Entity Apart from Its