Question

Movie Makers is a legal entity whose assets and liabilities are separate from its owners. It can receive, own, and transfer property, enter into contracts with individuals or other legal entities, and sue and be sued in court. What type of business is Movie Makers?

Answer 1

Corporation

Step-by-step explanation:

The corporation is a legal business entity that is separated from its owners with respect to the assets and liabilities.

In this business entity, they have the right to received, owned or even transferred the property who are entered into contracts with the other legal entities or with the individuals

In addition, this business entity is to be sued and sued to the individual or other business entities depending upon which entity or individual it is dealing with in the court.