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The Following Is a List of Characteristics Applicable to Corporations

Question 210

Matching

The following is a list of characteristics applicable to corporations:
Match the following:

Premises:
Potential for additional tax
Limited liability of shareholders
Continuous life
Potential for deferred or reduced tax
Separate legal entity
Government regulations
Transferable ownership rights
Ability to acquire capital
Responses:
Advantage
Disadvantage

Correct Answer:

Potential for additional tax
Limited liability of shareholders
Continuous life
Potential for deferred or reduced tax
Separate legal entity
Government regulations
Transferable ownership rights
Ability to acquire capital
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