Which of the following types of business organisation has a legal identity separate from those of the owners?
A) Sole proprietorships
B) Companies
C) Partnerships
D) All of the above

Question

Quizplus · Accepted Answer

Companies have a legal identity separate from those of the owners, which means that the company can enter into contracts, sue and be sued, own assets, and incur liabilities in its own name. Sole proprietorships and partnerships do not have this legal identity separate from their owners.

Which of the Following Types of Business Organisation Has a Legal