Which Of The Following Statements About The Operation Of A Corporation Is Correct?

(Correct Answer Below)

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Which Of The Following Statements About The Operation Of A Corporation Is Correct?

a. A corporation receives its charter from a state government. b. A corporate charter automatically expires in 99 years and must be renewed if the corporation wants to remain in business. c. Owners of a corporation have unlimited liability for any claims against their company d. A corporation tends to be much easier to set up than a sole proprietorship or partnership.
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a. A corporation receives its charter from a state government.

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