question archive A business organized as a corporation is not a separate legal entity in most states terminates when one of its original stockholders dies is owned by its stockholders

A business organized as a corporation is not a separate legal entity in most states terminates when one of its original stockholders dies is owned by its stockholders

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A business organized as a corporation is not a separate legal entity in most states terminates when one of its original stockholders dies is owned by its stockholders. requires that stockholders be personally liable for the debts of the business.

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Answer)is owned by its stockholders

determined by the portion of shares in the company that they own.

Rest of the statements are false