Answer:
The type of ownership with the most continuity is the corporation (Option B).
Corporations have perpetual existence, which means they can continue to exist regardless of changes in ownership or the death of shareholders. This continuity is achieved through the issuance of shares, which can be bought and sold by individuals and entities. Shareholders can change, but the corporation itself remains a separate legal entity with its own perpetual existence.
In contrast, the other options have limitations regarding continuity:
General partnership (Option A) typically dissolves when a partner leaves or dies unless there are specific provisions in the partnership agreement to address continuity.
Limited partner (Option C) refers to a type of partner in a limited partnership, and their continuity depends on the terms of the partnership agreement. Limited partners may have limited involvement in management and may be able to transfer their ownership interest, but they are not typically involved in the day-to-day operations of the business.
Sole proprietorship (Option D) is tied to a single individual owner, and its continuity is directly tied to the owner's life and willingness to continue the business. If the sole proprietor decides to retire, sell the business, or passes away, the business typically ceases to exist unless it is transferred or sold to another individual or entity.
So, in terms of continuity, corporations offer the greatest degree of permanence and can continue to exist independently of changes in ownership or the departure of shareholders.
Step-by-step explanation: