Asked by
Autumn Schultz
on Oct 30, 2024
Verified
A C corporation has transferable ownership,which refers to the fact that ______.
A) a C corporation can change its structure at any time after the first year
B) it can issue stock in exchange for capital and can be passed on to new owners
C) it can adapt to more employees as the company grows
D) it can be owned by an unlimited number of shareholders
Transferable Ownership
The ability to legally transfer the title of ownership of property, assets, or a company from one entity to another.
C Corporation
A separate legal and taxable entity created by the state government and owned by an unlimited number of shareholders.
Issue Stock
The process by which a company distributes shares to investors, thereby raising capital.
- Absorb information on the variety of legal options available to commercial entities and the methodology for their constitution.
- Recognize the financing implications of choosing different types of business entities.
Verified Answer
AM
Learning Objectives
- Absorb information on the variety of legal options available to commercial entities and the methodology for their constitution.
- Recognize the financing implications of choosing different types of business entities.