Which form of business organization has a separate legal entity?a) Sole proprietorshipb) Partnershipc) Companyd) Joint Hindu family business

To answer the question of which form of business organization has a separate legal entity, let's analyze the options:

1. Sole Proprietorship: This is owned and operated by one individual. It does not have a separate legal entity from its owner. The owner is personally liable for the debts and obligations of the business.

2. Partnership: A partnership consists of two or more individuals who operate a business together. Like sole proprietorships, partnerships do not create a separate legal entity, and partners are personally liable for the partnership’s debts.

3. Company: A company, particularly a corporation, is recognized as a separate legal entity from its owners (shareholders). This means it can own property, enter into contracts, and be liable for debts independently of its shareholders.

4. Joint Hindu Family Business: This form of business is created under the Hindu law and involves family members. However, it does not possess a separate legal entity.

Final Answer

The correct answer is c) Company as it is the only option that has a separate legal entity.