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, limited liability

Question

Quizplus · Accepted Answer

Corporations are known for their ability to easily transfer ownership through the sale of stock, raise funds by issuing more shares, and offer limited liability to their shareholders, protecting personal assets from corporate debts and liabilities.

A Corporation Has Which of the Following Set of Characteristics