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What key legal feature distinguishes a corporation from a sole proprietorship?

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By TheQuizWire

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Last Updated 01 Dec 2025

A. Annual tax filing

B. Limited Liability

C. Public disclosure

D. Intellectual property rights

Corporations offer 'limited liability,' protecting shareholders' personal assets from business debts, unlike sole proprietorships.

📚 Topics: Business Business and Economics

🎯 Exams: CSS GEN PMS

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