How is a corporation different from a sole proprietorship or partnership? Options: A . &nbspA corporation has only one or two owners. B . &nbspA corporation is usually owned by one person. C . &nbspA corporation requires a legal charter with the state. D . &nbspThe owners (stockholders) have limited liability.

How is a corporation different from a sole proprietorship or partnership?

Question

How is a corporation different from a sole proprietorship or partnership?

Options:

A . A corporation has only one or two owners.

B . A corporation is usually owned by one person.

C . A corporation requires a legal charter with the state.

D . The owners (stockholders) have limited liability.

Answer: Option D

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