The form of business organization that is legally separate from its owners is a:
A)Partnership.
B)Sole proprietorship.
C)Corporation.
D)Separation entity.

Question

Quizplus · Accepted Answer

A corporation is a form of business organization that is regarded as a separate legal entity from its owners. This means that the corporation can sue and be sued, buy and sell property, and take out loans in its name without involving its owners personally. Partnerships and sole proprietorships are not legally separate from their owners. "Separation entity" is not a recognized term in business organization.

The Form of Business Organization That Is Legally Separate from Its