BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A company is a “Separate Legal Entity” having its own identity distinct from its members. As a legal entity, a company can own a property in its own name, can sue and be sued in its own name and also enjoys perpetual succession, among others.

Detailed explanation-2: -A corporation is a legal entity that is separate and independent from the people who own or run the corporation, namely shareholders. A corporation has the ability to enter into contracts separate from that of the shareholders, but it also has certain responsibilities such as the payment of taxes.

Detailed explanation-3: -The company is an artificial legal person with its own property and have legal rights and liabilities as well as it can sue and be sued in its own name. The big idea of company law is separate personality as an artificial person.

Detailed explanation-4: -A corporation is a separate entity. The business registers with a state and keeps its business separate through its transactions and ownership documents. All types of corporations (including S corporations, professional corporations, and professional service corporations) are separate entities.