Question

What defines a corporation?

Answer 1

Answer:

A business with more than 2 owners.

Explanation:

Answer 2

Answer:

The correct answer is “A business owned by individual stockholders.”

Explanation:

A corporation is a legal entity whose owners are individual shareholders.

Corporations have the same rights and responsibilities that individuals have.

They are used by all kinds of businesses in the world and its most important aspect is that they have limited liability. This means that shareholders can enjoy the profits of the corporation but are not individually responsible for the debts it has.