A ____ is an artificial person, or legal entity, created under state law.

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A corporation is an artificial person, or legal entity, created under state law. It is afforded many of the same rights and protections as a natural person, such as the ability to enter into contracts, sue and be sued, and own property. The other options listed (limited partnership, legal partnership, sole proprietorship, business) are not legal entities, but rather refer to different types of business structures or arrangements.

A ____ Is an Artificial Person, or Legal Entity, Created