Using your textbook as a reference, answer the following questions. Type your answers in a Word document $(.$docx format$)$ and submit them to the instructor by the due date$\mathrm{.}1.$ What are the implications of treating a corporation as a legal "person"?$2.$ Why is the limited liability of shareholders considered to be an attractive feature of corporations?$3.$ What is the difference between a publicly held corporation and a privately held corporation?$4.$ What is a key difference between a for$-$profit corporation and a nonprofit corporation?$5.$ Why would a business owner choose to incorporate as a B$-$corp?$6.$ What is the difference between common stock and preferred stock?