James is retired and wants to invest in a local business. He is wishes to choose a corporation for his business structure because he "likes the separation of ownership and management". This way he

Question

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James wants to have separation of ownership and management, which means he wants to be a passive investor and not be actively involved in managing the company. By choosing a corporation as his business structure, he can achieve this goal since corporations have a board of directors who are responsible for managing the company. James can simply invest in the corporation and let the board of directors handle all the management responsibilities.

James Is Retired and Wants to Invest in a Local