Identify the form of business that is considered a separate legal entity.
A)a sole proprietorship
B)a partnership
C)a limited liability partnership
D)a corporation

Question

Quizplus · Accepted Answer

A corporation is considered a separate legal entity, meaning it is separate from its owners or shareholders. This provides the corporation with certain legal advantages and protections, such as limited liability for shareholders and the ability to raise capital through the sale of stock.

Identify the Form of Business That Is Considered a Separate