Large firms like Apple, Facebook, General Electric, and Microsoft, that trade on organized stock exchanges, are ________.

Question

Quizplus · Accepted Answer

Large firms that trade on organized stock exchanges are typically C corporations, which offer limited liability protection to their shareholders and have the ability to issue publicly traded stocks. Limited partnerships, limited liability companies, subchapter S corporations, and general partnerships are all different types of business entities that have different legal and tax implications.

Large Firms Like Apple, Facebook, General Electric, and Microsoft, That