Question

35: Unlike a sole proprietorship, a corporation:

A: avoids the undesirable possibility of double taxation of earnings.
B: does not require the articles of incorporation to set up the company.
C: is considered to be a legal entity that is separate and distinct from its owners.
D: is a voluntary agreement under which two or more people act as co-owners.

Answer 1

C

Step-by-step explanation:

No matter if an owner dies or quits, the corporation is still withstanding as long as it still has investors