The distinguishing feature of a corporation is that A. Provides limited liability only to small shareholders...

The distinguishing feature of a corporation is that

	A.	Provides limited liability only to small shareholders
	B.	There is no legal difference between the corporation and its owners
	C.	It spreads liability for its corporate obligations to all shareholders
	D.	It is a legally defined, artificial being, separate from its owners

Expert Solution

Ans D. It is a legally defined, artificial being, separate from its owners.

A corporation is a legal entity. It is separate and distinct from its owners.

A corporation can enter into contracts, loan and borrow money, it can hire or sue employees.

Examples of well known corporations are Microsoft corporation, Toyota Motor corporation.

jeff jeffy answered 3 years ago

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