Business, 28.06.2020 03:01, GutsnGlory
Businesses can be classified into the following forms: sole proprietorship, partnership, corporation, limited liability company (LLC), and limited liability partnership (LLP).Different forms of businesses have different characteristics. Which of the following characteristics would apply to a corporation?
Owned by single individual
Owners have limited liability
Exempt from double taxation
Easier to transfer ownership in the form of stock
Chartered by a state and is its own legal entity separate and distinct from its owners and managers
Has unlimited life
Answers: 2
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