A legal entity formed by issuing stock to investors is a ________.

A) cooperative
B) corporation
C) limited partnership
D) limited liability partnership
E) general partnership

Legal Entity

An organization or structure that has legal rights and obligations, including the ability to enter into contracts, sue, and be sued.

Issuing Stock

The process by which a company distributes shares to investors, thereby raising capital in exchange for ownership interests in the company.

Investors

Persons or organizations that invest money anticipating financial gains in return.