Question

What are the features of a corporation? The chief distinguishing factor of a corporation is its --------- . An investor who purchases stock in a corporation becomes a ----------- in that corporation.

Answer 1

A corporation is a legal entity, sense it is a separate entity from its owners who are called stock holders.

A corporation is treated as a person with most of the rights and duties of a real person.

A corporation is not allowable to hold public office or vote, but it does pay revenue taxes.