Under which of the following legal forms of organization, is ownership readily transferable?
A) Sole proprietorships.
B) Partnerships.
C) Limited partnership.
D) Corporation.

Question

Quizplus · Accepted Answer

Corporations have shares of stock that can be bought and sold, making ownership easily transferable. Sole proprietorships and partnerships are owned by one person or a small group and ownership is not easily transferable, while limited partnerships have general partners who operate the business and limited partners who are more like investors and have limited control and transferability of ownership.

Under Which of the Following Legal Forms of Organization, Is