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For which form of business ownership are the owners of a business legally distinct from the business?

corporation


What is corporate and non-corporate form of business?

A corporation is an artificial person, legally independent of its owners and/or operators. The owners of a corporation are its shareholders.A business that is not a corporation legally is just its owners and operators, usually in the form of a sole proprietorship or a partnership.If someone sues a corporation that is as far as it can go, they cannot sue either the owners or operators.If someone sues a business that is not a corporation they are automatically suing all the owners and operators.There are now also other options that limit the ability to sue the owners and operators, but are not corporations (e.g. LLC or LLP).


Which type of business organization does not end when the owners die?

corporation


A business firm with many owners who each own shares of the company is a?

Corporation


What is a business firm with many owners who each owns shares called?

A business with many owners with each owning shares of the firm is called a corporation. Corporations can be a profit or not for profit business.


Characteristics of business organization?

Businesses operate to make money. A business can be a proprietorship, partnership or a corporation. The structure of the business is determined by the owners.


Is one characteristic of a corporation is that its owners are personally liable for any losses incurred by the business?

no


Is an advantage the owners of a sole proprietorship enjoy over the owners of a corporation?

Sole proprietors get to make all of the business decisions themselves.


What is an advantage the owners of sole proprietorship enjoy over the owners of a corporation?

Sole proprietors get to make all of the business decisions themselves.


Who are the primary owners of a corporation?

Typically, the owners of a corporation are the stockholders.


Is corporation a noun?

Yes, it is a noun. A corporation is a business that has been incorporated or "given a body" (made into a separate legal entity from its owners); a word for a thing.


What are the owners of a corporation called?

The owners of a corporation are called the CEO.