Examlex
Match the descriptions with the correct names.
-Scientist and monk
Joint Stock Company
A business entity where ownership is shared through the issuance of shares, allowing for the capital to be collectively raised by shareholders.
Corporation
A legal entity that is separate and distinct from its owners, which can own property, incur debt, sue and be sued.
Partnership
A business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a partnership agreement.
Personal Liability
The legal responsibility of an individual to settle debts or obligations from their own assets, rather than those protected by a corporation or limited liability entity.
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