A(n)_____ is a legal entity,created by the state,whose assets and liabilities are separate from its owners.

Name: A(n)_____ is a legal entity,created by the state,whose assets and liabilities are separate from its owners.
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A corporation is a legal entity created by the state, and it is distinct from its owners (shareholders) in terms of assets and liabilities. This means the corporation itself can own property, enter into contracts, sue and be sued, separate from its owners.

A(n)_____ Is a Legal Entity,created by the State,whose Assets and Liabilities