The ________ is a separate legal entity apart from its owners and may engage in business,make contracts,sue and be sued,and pay taxes.
A)sole proprietorship
B)corporation
C)partnership
D)joint venture

Question

Quizplus · Accepted Answer

A corporation is a separate legal entity from its owners (shareholders) and has the ability to engage in business activities, make contracts, file lawsuits, and pay taxes on its own. Sole proprietorships, partnerships, and joint ventures do not have this distinction and are often considered extensions of their individual owners.

The ________ Is a Separate Legal Entity Apart from Its