In business terms, a corporation is considered a legal entity that is separate a

Question

In business terms, a corporation is considered a legal entity that is separate and distinct from its owners and managers. The creation of a separate business entity gives the corporation three main advantages:

A.) unlimited life and can continure in existence after its original owners and managers have died or left the company

B.) easy to transfer ownership in a corporation because ownership is divided into shares of stock that can be easily sold

C.) limited personal liability for its owners

D.) all the above

Explanation / Answer

these all are true these are advantage so answer is D.) all the above

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