a state chartered legal entity with authority to act and have liability separate from its owners
Depends on what legal system we're talking about. Rephrase your question and be more specific.
Yes, it did!
conventional (C) corporation.
conventional (C) corporation.
Yes owners capital is liability for businss towards its owners to be return back at the even of liquidation of business.
Property owners Liability is the financial , legal liability attaches to property owners due to their property, where as tenants libility vice versa
asset liability
Owners equity is the amount invested by the owner of business to the company and as a seperate entity it is the liability of the business to return back that amount to owners as owners are seperate entity to business.
Investors are those persons who invests money in business so they are the owners of business as well and that amount is the liability of business to pay back to it's owners that's why it is the liability and not the asset.
It depends, if the dog brings joy to the owners life then maybe.
asset