In which of the following business organization the business is considered separate from the owner/s:

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In a corporation, the business is considered a separate legal entity from the owners or shareholders. This means that the corporation can enter into contracts, sue or be sued, and own assets in its own name. The owners or shareholders have limited liability and are only responsible for the amount of money they have invested in the corporation. In a sole proprietorship and partnership, the business is not a separate legal entity, and the owner/s are personally liable for any debts or legal issues that arise in the business. A state-owned entity is owned and controlled by the government, and its management and operation may vary depending on the specific laws and regulations of that state.

In Which of the Following Business Organization the Business Is