Examlex
Which of the following is a refundable credit?
Artificial Being
A legal entity, not a natural person, created by law and recognized as having rights and duties.
Corporation
A corporation is a legal entity separate from its owners, offering limited liability protection, and has the ability to raise capital through the issuance of shares.
Business Organization
The structure and form that a business takes to conduct operations, ranging from sole proprietorships to corporations.
Privately Held Corporation
A company whose ownership is private, meaning its stock is not traded on public stock exchanges and is held by a limited group of shareholders.
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