A business organized as a corporation
A) is not a separate legal entity in most provinces.
B) requires that shareholders be personally liable for the debts of the business.
C) is owned by its shareholders.
D) terminates when one of its original shareholders dies.

Question

Quizplus · Accepted Answer

Corporations are owned by their shareholders, who invest money in the business by buying shares of the company. This ownership structure is a fundamental characteristic of corporations.

A Business Organized as a Corporation