Unlike a sole proprietorship or general partnership, a general corporation is unaffected by the death or withdrawal of an owner.

Name: Unlike a sole proprietorship or general partnership, a general corporation is unaffected by the death or withdrawal of an owner.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A general corporation is a separate legal entity from its owners (shareholders), therefore it can continue to exist and operate even if one or more shareholders die or withdraw from the business.

Unlike a Sole Proprietorship or General Partnership, a General Corporation