A business chartered by a state that legally operates as a separate entity from the owner(s) is called _____.

Quesiton : A business chartered by a state that legally operates as a separate entity from the owner(s) is called _____.

Answer: corporation

A business chartered by a state that legally operates as a separate entity from the owner(s) is called _____. A business chartered by a state that legally operates as a separate entity from the owner(s) is called _____. a. franchise b. sole proprietorship c. partnership d. ... A business chartered by a state that legally operates as a separate entity from the owner(s) is called _____. a. A business chartered by a state that legally operates as a separate entity from the owner(s) is called _____. responsibility of a business's owners for losses only up to the amount they invest limited partners and shareholders have limited liability master limited partnership a partnership that looks much like a corporation but is taxed like a pertnership and thus avoids the corporate income tax. Franchising is a business relationship in which the franchisor (the owner of the business providing the product or service) assigns to independent people (the franchisees) the right to market and distribute the franchisor's goods or service and to use the business name for a fixed period of time. User: A business chartered by a state that legally operates as a separate entity from the owner(s) is called _____. a. a. franchise b. sole proprietorship c. … Business that is legally considered an entity separate from its owners and is liable for its own debts owner ’ s liability extends to the limits of their investments o Corporate entity Characteristics of all corporations Legal status as separate entities property rights and obligations and indefinite life spans In 1819 US supreme court ... A business has a separate legal identity from its owners. It can start legal action against another business or individual in order to protect itself. Other businesses and ind … ividuals have the right to take legal action against the business. Introduction to Business (Chapter 5) Description. Basic Key Terms and Definitions. Total Cards. 22. Subject. ... an owner who invests money in the business but does not have any management responsibility or liability for losses beyond his or her investment ... a state - chartered legal entity with authority to act and have liability separate from ... A _____has state - chartered legal status as a separate entity along with property rights and obligations and an indefinite life span.: corporation 2. A(n) consists of an arrangement where a buyer purchases the right to sell … In this way the business owner is still connected to his business in that he may still receive checks under the name of his business but he will still be able to keep the two accounts separate separating himself from the business entity .