The legal entity is:
A) sole trader.
B) company.
C) partnership.
D) all of the above.

Name: The legal entity is: A) sole trader. B) company. C) partnership. D) all of the above.
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Question

Quizplus · Accepted Answer

A company is the only option among the given choices that is its own legal entity, separate from its owners/shareholders. Sole traders and partnerships have no legal separation from their owners/partners, and their owners/partners are personally liable for the business's liabilities.

The Legal Entity Is