A _________ is a business entity that exists separately from its owners.
A) corporation
B) general partnership
C) proprietorship
D) limited partnership

Question

Quizplus · Accepted Answer

A corporation is a legal entity that is separate from its owners, meaning it can enter into contracts, sue or be sued, and make financial transactions on its own. The other options listed involve the owners being responsible for the business either jointly or individually, and therefore do not have the same level of separation between the company and its owners.

A _________ Is a Business Entity That Exists Separately from Its