A C corporation has transferable ownership,which refers to the fact that ______.
A)a C corporation can change its structure at any time after the first year
B)it can issue stock in exchange for capital and can be passed on to new owners
C)it can adapt to more employees as the company grows
D)it can be owned by an unlimited number of shareholders

Question

Quizplus · Accepted Answer

Transferable ownership in a C corporation means that the ownership can be passed on to new owners through the issuance and transfer of stock. This allows for the corporation to have an unlimited number of shareholders who can buy and sell their shares, providing liquidity and flexibility in ownership.

A C Corporation Has Transferable Ownership,which Refers to the Fact