Question

Which of the following business structures is said to have unlimited life?(1 point)
Responses

limited partnership
limited partnership

sole proprietorship
sole proprietorship

general partnership
general partnership

corporation

Answer 1

The business structure that is said to have unlimited life is the **corporation**. Unlike sole proprietorships, partnerships, and limited partnerships, which can cease to exist upon the death or withdrawal of an owner, corporations continue to exist independently of the owners' status.