The fact that a corporation is a separate legal entity allows it to be fully shielded from compliance requirements with laws of general application.

Question

Quizplus · Accepted Answer

The statement is false. While a corporation is a separate legal entity, it is not fully shielded from compliance requirements with laws of general application. Corporations are still subject to laws such as labor laws, environmental laws, and tax laws, among others. Ignoring these laws can result in legal and financial consequences for the corporation.

The Fact That a Corporation Is a Separate Legal Entity