Examlex
XYZ Corporation wants to track the percentage and actual number of employees who remain in each of the firm's job from one year to the next. Which of the following would XYZ Corporation benefit from?
Corporation
A legal entity separate from its owners, providing them with limited liability, and which can own property, enter contracts, and sue or be sued.
Contract Law
The branch of law that deals with the creation, enforcement, and termination of contracts between parties.
Sole Proprietor
An individual who owns and operates a business by themselves, bearing full responsibility for its debts and legal actions.
Limited Liability
A legal structure where a person's financial responsibility for a company's debts and obligations is restricted to a fixed amount, typically their investment.
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