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8 April, 02:56

A large business entity that is separate and distinct from its owner

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  1. 8 April, 04:08
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    Unlike a sole proprietorship or general partnership, a corporation is a separate legal entity, separate and distinct from its owners. It can be created for a limited duration, or it can have perpetual existence. Since it is a separate legal entity, a corporation has continuity regardless of its owners.
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