The correct answer is C. Corporation.
A corporation is a legal entity that is separate from its owners. It is created by filing articles of incorporation with the state in which it will be doing business. A corporation can own property, enter into contracts, and sue and be sued. It is also liable for its own debts and obligations.
A partnership is a business owned by two or more people. The partners are personally liable for the debts and obligations of the partnership.
Investors are people who put money into a business in the hope of making a profit. They are not personally liable for the debts and obligations of the business.
Stockholders are people who own shares in a corporation. They are not personally liable for the debts and obligations of the corporation.
Here is a table that summarizes the key differences between corporations, partnerships, and investors:
| Characteristic | Corporation | Partnership | Investor |
| — | — | — | — |
| Legal status | Separate legal entity | Not a separate legal entity | Not a separate legal entity |
| Liability | Limited liability | Unlimited liability | No liability |
| Ownership | Shares are owned by stockholders | Partners own the partnership | Shares are not owned by investors |
| Management | Managed by a board of directors | Managed by the partners | Not involved in management |
| Taxation | Subject to corporate income tax | Subject to personal income tax | Not subject to tax |
I hope this helps!