The following characteristics were discussed in the text: a. Separate legal entity b. Liability of owners c.
Question:
a. Separate legal entity
b. Liability of owners
c. Ability to raise capital
d. Transferability of ownership
e. Taxation
f. Regulation
Required
Describe how each characteristic relates to the corporate form of business.
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a Separate legal entity A corporation is a separate legal entity formed under state l...View the full answer
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