In which of the following business organization is the business considered separate from the owners:

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In a corporation, the business is considered a separate legal entity from the owners. This means that the corporation can sue or be sued, own assets, and incur debt in its own name, separate from its shareholders. Shareholders own shares in the corporation, but are not personally liable for the corporation's debts or legal liabilities. A state-owned entity is owned and operated by the government, and a sole proprietorship and partnership do not have separate legal status from their owners.

In Which of the Following Business Organization Is the Business