In which form of business ownership are the owners of a business legally distinct from the business?
A) Corporation.
B) Partnership.
C) Proprietorship.
D) All of the above.

Question

Quizplus · Accepted Answer

In a corporation, the owners (shareholders) are legally distinct from the business. This means that shareholders are not personally liable for the debts or obligations of the corporation. In partnerships and proprietorships, the owners are personally liable for the business's debts and obligations, and their personal assets may be at risk. Therefore, A) Corporation is the best choice.

In Which Form of Business Ownership Are the Owners of a Business