Answer :
A corporation—also known as a C corp—is a legal entity distinct from its owners.
What is a corporation?
A corporation also referred to as a C corp, is a separate legal entity from its owners.
Corporations are able to generate revenue, pay taxes, and face legal consequences.
The strongest protection against personal liability is provided to owners by corporations, although forming a corporation is more expensive than creating other types of entities.
A corporation is a collection of people or a business that has been given legal status as a single entity by the state and is used for specific legal purposes.
Early corporations were created with a charter.
The majority of governments currently permit the registration of new corporations.
Therefore, a corporation—also known as a C corp—is a legal entity distinct from its owners.
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Correct question:
Which form of organization is a separate legal entity?
