Which of the Following Are Considered to Be Legal Entities

question 85

Multiple Choice

Which of the following are considered to be legal entities that exist separate and distinct from their owners?

• A)Sole proprietorships
• B)Partnerships
• C)Corporations
• D)Organizations with more than 100 partners

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Definitions:

Petitioning Party

The individual or group that initiates a legal action or request for a formal inquiry.

Divorce

The formal termination of a marriage through a court or authorized entity.

Legal Custody

Custody of a child that confers on the parent the right to make major decisions about the child's life without consulting the other parent.

Major Decisions

Significant determinations or resolutions made, often in the context of business or personal choices, with long-term impacts.