A corporation, potentially, has infinite life because it
A)is a legal entity.
B)has the same ownership and management.
C)has limited liability.
D)is closely regulated.

Question

Quizplus · Accepted Answer

A corporation is a legal entity separate from its owners, and therefore it can continue to exist even after the original owners or management team depart or pass away. As a result, it has the potential for infinite life.

A Corporation, Potentially, Has Infinite Life Because It