Answer:
B. Corporation.
Explanation:
A corporation can be defined as a legal entity that operates as an actual distinct legal individual from the owners. It can be an agent for shareholders and it can contract and incur debts and other obligations with financial institutions. A corporation’s proprietor is the shareholder, and they are the one who shares in the income and expenses that a firm earns or incurs, respectively, in its operations.
Therefore the correct answer is B.
