Question
Which business organization is a legal entity formed by issuing stock to investors (shareholders), who are the owners of the business and whose liability is
Which business organization is a legal entity formed by issuing stock to investors (shareholders), who are the owners of the business and whose liability is limited to the amount of their investment, and the business is governed by a document called bylaws?
partnership
sole proprietorship
corporation
limited liability company
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
