A business organized as a separate legal entity is a
A)corporation.
B)proprietorship.
C)government unit.
D)partnership.

Question

Quizplus · Accepted Answer

Corporations are organized as separate legal entities from their owners, meaning they can own property, enter into contracts, and be sued independently of the people who own them. Proprietorships and partnerships, while they can be registered businesses, are not separate legal entities from their owners. Government units are entities but are not businesses in the traditional sense.

A Business Organized as a Separate Legal Entity Is a