#3 Identify (by letter) each of the following characteristics as being an advantage, a disadvantage, or not applicable to the corporate form of business organization. A Advantage D Disadvahtage N Not Applicable Characteristics 1. Separate legal entity 2. Taxable entity resulting in additional taxes 3. Continuous life 4. Unlimited liability of owners 5. Government regulation 6. Separation of ownership and management N 7. Ability to acquire capital 8. Ease of transfer of ownership #4 tione for 7enia Corporation