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In Business / College | 2025-07-06

Legal entities include sole proprietorships, partnerships, professional associations, limited liability partnership, and limited liability companies. What is another type of legal entity?
A. Corporation
B. Group
C. Stockholder
D. Dividend

Asked by mrszelayandia05

Answer (2)

A corporation is another type of legal entity that is separate from its owners and can be structured for profit or nonprofit purposes. Corporations provide limited liability protection to their shareholders, which is a key feature. Understanding corporations helps clarify the diverse landscape of business entities. ;

Answered by GinnyAnswer | 2025-07-07

A corporation is another type of legal entity besides sole proprietorships and partnerships, distinguished by providing limited liability to its shareholders. Corporations can be for-profit or non-profit and have legal rights separate from their owners. Understanding the roles and structures of corporations is vital in business law and finance.
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Answered by Anonymous | 2025-07-10

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