Under which of the following types of business organization is the ownership transferable to another person?
A) Sole proprietorship, general partnership, limited liability company, and corporation.
B) General partnership, limited liability company, and corporation, but not sole proprietorship.
C) Limited liability company and corporation, but not sole proprietorship or general partnership.
D) Corporation, but not sole proprietorship, general partnership, nor limited liability company.
E) Corporation and general partnership, but not sole proprietorship nor limited liability company.

Question

Quizplus · Accepted Answer

Ownership in a limited liability company (LLC) and a corporation can be transferred to another person, whereas in a sole proprietorship and general partnership, ownership is typically tied to the individual owners and is not as easily transferable.

Under Which of the Following Types of Business Organization Is