Unlike a sole proprietorship, a corporation:
A) avoids the undesirable possibility of double taxation of earnings.
B) does not require the articles of incorporation to set up the company.
C) is considered to be a legal entity that is separate and distinct from its owners.
D) is a voluntary agreement under which two or more people act as co-owners.

Question

Quizplus · Accepted Answer

A corporation is a legal entity separate from its owners, providing limited liability and continuity of existence.

Unlike a Sole Proprietorship, a Corporation