Examlex
Which of the following statements is correct? Other things being equal:
Syndicate
A group of individuals or firms that join together to finance a project; also called an investment group.
Corporation
A legal entity that is separate from its owners, offering limited liability to its shareholders, and able to own property, enter contracts, and sue or be sued.
Partnership
A legal arrangement where two or more individuals share ownership of a business, including its liabilities and profits.
Cooperative
An association, which may or may not be incorporated, that is organized to provide an economic service to its members. Unincorporated cooperatives are often treated like partnerships for tax and other legal purposes.
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