Web Analytics

Verified Answer :

Samawati

Answer:

b. corporation

Explanation:

A corporation is a business organization established by a group of people. The founders combine their resources to start the business with profit motives.  As a form of business ownership,  A corporation is a separate and distinct entity from the founders.

Upon registration, a corporation acquires the right to engage in business transactions, own properties, hire employees, acquire assets, and incur debts. The corporation is treated as a legal person. The law protects the properties of shareholders from being interfered with should the corporation fail to protect its obligations.

Related Questions