A corporation:
A)is a taxable entity
B)is subject to the laws of the state in which it was formed
C)can own property
D)can sue and be sued
E)is accurately described by all of the above

Question

Quizplus · Accepted Answer

Corporations are taxable entities, must adhere to the laws of the state in which they are formed, can own property, and have the legal capacity to sue and be sued, making all of the statements accurate descriptions of a corporation.

A Corporation