A corporation has which of the following set of characteristics?

A) shareholder control, income tax disadvantages, increased skills and resources
B) simple to set up and maintains control with founder
C) harder to raise funds and gives shareholders control
D) easier to transfer ownership and raise funds, limited liability

Corporation

A legal entity that is separate and distinct from its owners, providing the owners with limited liability.

Limited Liability

A legal structure that limits the financial liability of company owners to the amount they invested, protecting personal assets from business debts.

Shareholder Control

The power exercised by shareholders to influence a company’s decisions, often through voting rights associated with share ownership.