Different forms of businesses have different characteristics. Which of the following characteristics would apply to a corporation? Check all that apply. Easier to transfer ownership in the form of stock Exempt from double taxation Chartered by a state and is its own legal entity separate and distinct from its owners and managers Owned by single individual Has unlimited life Owners have limited liability Joshua started a tutoring website. After a few months, a publishing company filed a lawsuit against his company for copyright infringement. Joshua had to shut down his business and lost all his personal assets in the process. Willie started a business, based in a different state, with his unde. Due to the business's underperformance, they had to dose the business. Willie, however, ended up losing his house due to a litigation claim. James, the CEO of a beverage company, is required to certify the accuracy of information provided in the company's quarterly reports. Selena and Mario run a law firm in Chicago. The firm has debt of $100,000, but Selena and Mario will not be held personally liable for the law firm's debt