Respuesta :

corporation has its own legal existence.

Which type of business enterprise is created as a distinct legal entity?

A corporation—also known as a C corp—is a legal entity distinct from its owners. Corporations are able to earn money, pay taxes, and deal with legal repercussions. Although founding a corporation is more expensive than creating other forms of companies, it offers owners the strongest defense against personal liability.

Continuity is another benefit of incorporation. The corporation can (at least theoretically) last eternally since it has a separate legal existence from that of its owners. It is simple for shareholders to transfer control of a firm by selling their stock to third parties.

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