Final answer:
The feature of a corporation is that it provides protection for the personal assets of shareholders, who have limited liability. This legal structure encourages investment and risk-taking since shareholders are only liable up to the amount they have invested, and makes it easier for corporations to raise capital.
Step-by-step explanation:
One of the key features of a corporation is that it provides protection for the personal assets of its shareholders against lawsuits brought against the corporation. This means that the owners of the corporation, or shareholders, have limited liability in regards to the company's debts and obligations. Therefore, the correct answer to the question is A. Personal assets are protected from lawsuits brought against the corporation.
Unlike sole proprietorships or partnerships where owners can be personally liable for the business's debts, a corporation is considered a separate legal entity. Shareholders in a corporation are only liable for the company's debts up to the amount they have invested. This encourages investment and risk-taking, as investors know they won't lose more than their stake in the company. Additionally, corporations can raise capital by selling stock or issuing bonds, allowing them to finance operations or expansions more easily than other business structures.