A _____ is a type of business that is a legal entity formed by following a process of incorporation set forth by state statutes.
A) limited liability company (LLC)
B) partnership
C) sole proprietorship
D) corporation

Question

Quizplus · Accepted Answer

A corporation is the correct answer because it is specifically a type of business that becomes a separate legal entity from its owners through a process of incorporation, which is governed by state statutes.

A _____ Is a Type of Business That Is a Legal