Answer to Question #248985 in Management for Abegail Garcia

Question

What are the six characteristics of the corporate form of business organization.

Answer 1

Acquisition of investment. Because it is not bound by the monetary abilities of a few shareholders, a company may find it simple to obtain loans and equities.

Dividends, a redistribution of a portion of a firm’s proceeds to a subclass of stockholders chosen by the panel of executives of the firm.

Double taxation occurs when taxes are imposed on the same earnings, possessions, or financial operation at two separate times.

A product's, firm's, or suggestions longevity refers to the amount of time it is anticipated to perform correctly or last.

Limited responsibility, which lowers your own financial risk.-Ownership, ownership is the power to exclusively control and use for one's own purposes, that which is owned.