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Dmitriy789 [7]
4 years ago
11

A large business entity that is separate and distinct from its owner

History
1 answer:
Elena-2011 [213]4 years ago
5 0

Unlike a sole proprietorship or general partnership, a corporation is a separate legal entity, separate and distinct from its owners. It can be created for a limited duration, or it can have perpetual existence. Since it is a separate legal entity, a corporation has continuity regardless of its owners.

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