A corporation

Question

A corporation

Quizplus · Accepted Answer

A corporation is a legal entity that is separate and distinct from its owners, meaning that it can conduct business and own assets in its own name. It is also generally regulated by the government, including Canada Revenue Agency. Shareholders in a corporation have limited liability for the acts of the corporation, meaning that their personal assets are not at risk. A corporation can have more than two owners, and in fact, many large corporations have thousands of shareholders.

A Corporation