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21 Feb 2020
Characteristics of a corporation include
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shareholders who are mutual agents
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direct management by the shareholders (owners)
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its inability to own property
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shareholders who have limited liability
Characteristics of a corporation include
-
shareholders who are mutual agents
-
direct management by the shareholders (owners)
-
its inability to own property
-
shareholders who have limited liability
papayaprofessorLv10
5 Sep 2022
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learn4lifeLv10
24 Jul 2022
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Beverley SmithLv2
21 Feb 2020
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Related questions
| Following is alist describing various features of the corporate form oforganization. Match each feature with an appropriate descriptiveterm, and note whether this feature is an advantage or disadvantageof the corporate entity. | ||||||
| TERM | ADVANTAGE ORDISADVANTAGE | |||||
| The ability of a company toraise capital by issuing shares to the public | Publicly Traded | Advantage | ||||
| The ability of an existingshareholder to sell shares without corporate approval | ||||||
| The ability of the governmentto tax corporate earnings and dividends | ||||||
| Periodic regulatoryfilings | ||||||
| The ability of differentindividuals to pool resources | ||||||
| The inability of creditors topursue individual shareholders | ||||||
| The life of the entity canexceed the life of the shareholders | ||||||
| TERMS: | ||||||
| Limited Liability | ||||||
| Double Taxation | ||||||
| Perpetual Existence | ||||||
| Transferability ofOwnership | ||||||
| Mutual Ownership | ||||||
| Cost of Regulation | ||||||
| Publicly Traded | ||||||
