00:01
Hello, the question is the corporation is a group and when defined the correct answer.
00:14
Let's just look to all answers and let's discuss each possible answer option.
00:24
Let's start with a.
00:27
A, corporation is a business organization.
00:36
With a charter from the federal government.
00:40
And it's not correct because it's not necessary.
00:43
Corporation can be any company.
00:45
There is no relationship with the government.
00:49
A is not correct.
00:51
B, corporation is a business with at least 500 ,000 in assets.
01:00
No, it's not necessary.
01:03
Corporations can have any amount.
01:06
So this is not correct answer.
01:08
C.
01:11
Corporation is a fictious legal person separates and distinct from its owners.
01:21
I don't even understand what that means...