A __________ is a legal entity that exists separate from its owners,protects the owners from personal liability,and gives the firm a life of its own beyond that of its owners.

Question

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A corporation has the feature of being a separate legal entity from its owners, which means that the owners (shareholders) are not personally liable for the debts and obligations of the corporation. Additionally, a corporation has a perpetual existence, meaning it can continue to operate even if the ownership changes. The other choices (sole proprietorship, partnership, limited liability partnership, and angel investor) do not necessarily offer the same protections and features as a corporation.

A __________ Is a Legal Entity That Exists Separate from Its