MANAGEMENT

Detailed explanation-1: -A corporation, sometimes called a C corp, is a legal entity that’s separate from its owners. Corporations can make a profit, be taxed, and can be held legally liable. Corporations offer the strongest protection to its owners from personal liability, but the cost to form a corporation is higher than other structures.

Detailed explanation-2: -A corporation is able to buy and sell property, sue and be sued, and protect its owners from liability. The owners, called shareholders, are individuals who own shares of the corporation’s stock. The stock can be owned by one individual or many individuals.

Detailed explanation-3: -A public company-also called a publicly traded company-is a corporation whose shareholders have a claim to part of the company’s assets and profits.

Detailed explanation-4: -Answer and Explanation: The easiest form of business organization to start and stop is the sole proprietorship. A sole proprietorship describes personal entrepreneurship or business that is owned and managed by a single individual.