A corporation has which of the following set of characteristics?
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 limited liability, meaning that shareholders are not personally liable for the corporation's debts.

A Corporation Has Which of the Following Set of Characteristics