Examlex
Which of the following is true?
Corporation
A legal entity that is separate and distinct from its owners, capable of owning property, entering into contracts, and being sued.
Shareholders
Owners of shares in a corporation, thereby having an interest in the corporation's operations and earnings.
Written Agreement
A contract or agreement that has been documented and signed in written form, providing a tangible record of the terms and conditions agreed upon.
Partnership
This refers to a formally established way of doing business that involves two or more participants jointly managing the operation and dividing the profits.
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