A corporation has which of the following characteristics?
A) continuity of life
B) difficulty attracting financing
C) unlimited liability
D) difficulty transferring ownership

Question

Quizplus · Accepted Answer

A corporation has continuity of life, meaning it continues to exist even if one of its owners dies or sells their share of ownership. It does not have unlimited liability or difficulty transferring ownership, and may have an easier time attracting financing than other types of businesses.

A Corporation Has Which of the Following Characteristics