A business organization which has limited liability, is a distinct legal entity, is immortal, and may have issues of control would best be described as a:
A) corporation.
B) partnership.
C) sole proprietorship.
D) limited liability partnership.

Question

Quizplus · Accepted Answer

A corporation is characterized by limited liability, distinct legal entity status, immortality, and potential issues of control due to its structure and governance.

A Business Organization Which Has Limited Liability, Is a Distinct