Asked by
Sarah Corder
on Nov 18, 2024
Verified
A corporation is a business that is legally separate and distinct from its owners.
Corporation
A legal entity that is separate and distinct from its owners, recognized as a person under law, capable of rights, duties, and holding property.
Legally Separate
A term used to describe entities that are recognized as distinct legal entities under the law, capable of entering into agreements and holding assets independently.
- Identify the unique traits of different business organization structures.
Verified Answer
GP
Learning Objectives
- Identify the unique traits of different business organization structures.