The correct answer is: C. Company
A company is a separate legal entity whose total capital can be divided into many shares. This means that the company is a legal person in its own right, separate from its owners. The owners of a company are called shareholders, and they have limited liability for the debts of the company. This means that they cannot lose more money than they have invested in the company.
A partnership is a business owned by two or more people. The partners are jointly and severally liable for the debts of the partnership. This means that each partner is personally liable for all of the debts of the partnership, even if they were not involved in incurring the debt.
A sole proprietorship is a business owned by one person. The sole proprietor is personally liable for the debts of the business.
A non-profit organization is an organization that does not operate for profit. Non-profit organizations are typically organized as corporations or trusts.