The sale of shares in a closed corporation is similar to the sale of a sole proprietorship because:
A) the shares are traded on the open market
B) numerous shareholders make transfers difficult
C) there is limited life in such corporations
D) government approval is necessary for a transfer
E) none of the other choices
Correct Answer:
Verified
Q379: The _ of a limited liability company
Q380: Most limited liability companies have statues that
Q381: With respect to transferability of ownership interests,
Q382: Which of the following have unlimited liability
Q383: When a court "pierces the corporate veil"
Q385: Double taxation on profits is:
A) a clever
Q386: Which form of business incurs double taxation:
A)
Q387: With respect to transferability of ownership interests,
Q388: Limited liability is:
A) a disadvantage to the
Q389: Factors that influence the choice of a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents