A corporation has which of the following set of characteristics?
A)shareholder control, income tax disadvantages, increased skills and resources
B)simple to set up and maintains control with founder
C)harder to raise funds and gives shareholders control
D)Easier to transfer ownership and raise funds, no personal liability

Question

Quizplus · Accepted Answer

A corporation is a business entity that has the advantage of limited liability, which means shareholders are not personally liable for the company's debts or legal obligations. It also allows for ease in transferring ownership, and raises funds through selling shares of stock. Therefore, option D is the correct answer.

A Corporation Has Which of the Following Set of Characteristics