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The form of business that limits the liability of individuals for the risks involved in business activities is known as _____.

a. corporation
b. partnership
c. joint proprietorship
d. sole proprietorship

User Manish R
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1 Answer

4 votes

Answer:

The correct answer to the following question will be Option A (Corporation).

Step-by-step explanation:

A Corporation seems to be a separate legal entity and is different from its proprietors. Corporations possess most of individual responsibilities and rights: they can sign contracts, lend and borrow the money, sue and prosecute, hire workers, own properties, and paying taxes. Some call him a "legal person".

A company form that declares the enterprise as a distinct, corporate entity governed by people known as the management board. Perhaps the most beneficial way to begin an enterprise is a corporate structure, as the organization operates as a distinct entity.

Therefore, Option A is the right answer.

User Sam Logan
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