Which of the following is a form of business ownership that is considered to be separate from its owners, who are known as shareholders?
A) sole proprietorship
B) corporation
C) general partnership
D) limited partnership

Question

Quizplus · Accepted Answer

A corporation is a type of business ownership that is separate from its owners (shareholders). Shareholders have limited liability and are not personally responsible for the corporation's debts or obligations. Additionally, a corporation can issue stock to raise capital and has perpetual existence, meaning it can continue to operate even if the ownership changes.

Which of the Following Is a Form of Business Ownership