Question

what is the main difference between a sole proprietorship and a corporation? perpetual life separate legal entity shareholders all of the above management

Explanation:

1. Perpetual life: A corporation has perpetual life (exists even if owners change), while a sole proprietorship ends with the owner’s death or decision.
2. Separate legal entity: A corporation is a separate legal entity from its owners, but a sole proprietorship is not (owner and business are the same legally).
3. Shareholders: A corporation has shareholders as owners, while a sole proprietorship has one owner (no shareholders).

Since all these are key differences between a sole proprietorship and a corporation, "All of the above" is correct.

Answer:

D. All of the above