which of the following is not a characteristic of a corporation? course hero

Which one of the following is not a characteristics of a corporation?

The correct option is d. a corporation's resources are limited to its individual owners' resources.

Which of the following are characteristics of the corporate form of organization?

The five main characteristics of a corporation are limited liability, shareholder ownership, double taxation, continuing lifespan and, in most cases, professional management.

What is one distinct feature of corporations that the other forms do not have?

Limited Liability Any liabilities incurred by a corporation are not also transferred to its shareholders.

What are characteristics of a corporation?

Characteristics of a CorporationUnlimited life. ... Limited liability. ... Separate legal entity. ... Relative ease of transferring ownership rights. ... Professional management. ... Ease of capital acquisition. ... Government regulations.

What are the characteristics of corporations quizlet?

Characteristics of Corporations Legal Entity. Legally a person (same rights) Limited Liability.

Which of the following is not a requirement of an S corporation?

Which of the following is NOT a requirement for an S corporation election? The electing corporation must not own stock in a C corporation. The electing corporation must be a domestic corporation or unincorporated entity that elects to be treated as a corporation under the check-the-box regulations.

What are the characteristics of a close corporation?

Close Corporations Key Featuresa Close Corporation (cc) is a legal entity.Audited financial statements are not required for Close Corporations.Meetings are not compulsory and can be held on an ad hoc basis.Close Corporations (CCs) may become shareholders in other companies.More items...

What is a corporation quizlet?

Corporation. A business owned by a group of people and authorized by the state in which it is located to act as though it were a single person, separate from its owners.