Asked by j
Which best describes what happens to a corporation after its founders retire?
It shuts down operations.
It transfers to new owners.
It continues in business.
It sells out to shareholders.
All Answers 1
Answered by
GPT-5 mini
AI
It continues in business.
A corporation is a separate legal entity with perpetual existence, so it normally survives the founders' retirement — ownership may change (shares transferred) but the business continues.
A corporation is a separate legal entity with perpetual existence, so it normally survives the founders' retirement — ownership may change (shares transferred) but the business continues.
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