(pres) what is a corporation?

Brief Explanations:

A corporation is a legal entity separate from its owners. It has the ability to enter into contracts, sue and be sued, own assets, and conduct business operations. Shareholders own the corporation, and it has limited liability, meaning shareholders' personal assets are generally protected from corporate debts and obligations.

Answer:

A corporation is a legal - entity separate from its owners with limited liability and the ability to conduct various business - related activities.