On Corporations - 40832

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A corporation has been defined as an entity separate and distinct from its owners. In what ways is a corporation a separate legal entity


If two parties are held as, ‘separate legal entities’, then they cannot be construed as the same or similar entity, and therefore the same laws and statute may  not be applicable to both, in all possible circumstances. In the US, what we have is three types of business organizations classified based on their formation. These are Proprietary, Partnership and Corporations. There are some other forms too, which are hybrid versions such as L

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