which best describes what happens to a corporation after its founders retire?\nit shuts down operations.\nit…
which best describes what happens to a corporation after its founders retire?\nit shuts down operations.\nit transfers to new owners.\nit continues in business.\nit sells out to shareholders.
Answer
Brief Explanations:
A corporation is a legal entity separate from its founders. When founders retire, the corporation's existence is not affected. It has its own legal - identity, assets, and liabilities and can continue its business operations. It doesn't necessarily shut down, transfer to new owners, or sell out to shareholders just because founders retire.
Answer:
It continues in business.