Final answer:
A C-corporation is a business structure where the company is separate from its owners and can make a profit, be taxed, and be held legally liable. It allows for shareholder protection from personal liability and the ability to raise revenue by selling shares. The correct option is A. C-Corporation
Step-by-step explanation:
The business structure where the company operates as a separate legal entity from its owners and has the ability to make a profit, be taxed, and be held legally liable is the C-Corporation.
A C-Corporation provides protection from personal liability to its shareholders, as it is recognized as its own legal entity, distinct from the individual owners.
Unlike sole proprietorships or partnerships, where the business is not separate from the owners, a corporation can enter into contracts, be sued, and own assets in its own name.
It also allows for selling shares of the company to raise revenues, which can either be through a private offering or by going public. This separation of entity provides a clear advantage in limiting the personal liability of shareholders for the debts or actions of the corporation. The correct option is A. C-Corporation