Which of the following set of characteristics describes a corporation?
A)Shared control, tax advantages, increased skills and resources
B)Simple to set up and maintains control with founder
C)Easier to transfer ownership and raise funds, no personal liability
D)Harder to raise funds and gives owner control

Question

Quizplus · Accepted Answer

A corporation is characterized by the ease of transferring ownership through the sale of stock, the ability to raise funds by issuing shares, and the limited liability protection it offers to its shareholders, meaning they are not personally liable for the corporation's debts.

Which of the Following Set of Characteristics Describes a Corporation