Which two sentences describe the characteristics of a corporation?
The company is treated as a separate tax entity by law.
The owners have to accept partial liability for debts.
It is possible to raise large amounts of capital by selling company stock.
The owners are known as corporators.

A corporation ownership structure is considered a legal person. The law recognizes a corporation as a distinct legal entity with equal business rights like a human being. The corporation has the right to engage in business activities, acquire assets, and enter into commercial contracts. At the end of a period, a corporation is expected to file tax returns.

A corporation has the advantage when it comes to raising capital. It is allowed to offers shares to investors in exchange for capital. Investors turn to shareholders(owners) when they purchase the shares of a corporation.

Which two sentences describe the characteristics of a corporation? The company is treated as a separate tax entity by law. The owners have to accept partial liability for debts. It is possible to raise large amounts of capital by selling company stock. The owners are known as corporators.

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Which two sentences describe the characteristics of a corporation?
The company is treated as a separate tax entity by law.
The owners have to accept partial liability for debts.
It is possible to raise large amounts of capital by selling company stock.
The owners are known as corporators.