A business entity is regarded as separate from the personal activities of its owners whether it is a sole proprietorship,a partnership,or a corporation.

Name: A business entity is regarded as separate from the personal activities of its owners whether it is a sole proprietorship,a partnership,or a corporation.
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Quizplus · Accepted Answer

This is known as the principle of separate legal entity, which means that a business has a legal existence and liability that is distinct from its owners.

A Business Entity Is Regarded as Separate from the Personal