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VikaD [51]
3 years ago
13

What defines a corporation?

History
2 answers:
Lina20 [59]3 years ago
8 0

Answer:

A business with more than 2 owners.

Explanation:

I am Lyosha [343]3 years ago
3 0

Answer:

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

Explanation:

A corporation is a legal entity whose owners are <u>individual shareholders</u>.

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 <u>limited liability</u>. This means that shareholders can enjoy the profits of the corporation but are not individually responsible for the debts it has.

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The Chinese-Hong Kong economy relationship has been interesting for China because they were complementary. China provided cheap labour and land while Hong Kong provided capital, management skills, marketing channels and infrastructure for external trading.

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