Asked by Elvy A. Zingg on Apr 24, 2024
Verified
What are the principal attributes of a corporation?
Corporate Attributes
Characteristics that define a corporation, such as legal identity, transferability of shares, and perpetual succession.
- Grasp the principal attributes and classifications of corporations.
Verified Answer
SV
sheenam vishnoi7 days ago
Final Answer :
a. It is a legal entity.
b.It owes its existence to a state, which also regulates it.
c. It provides limited liability to its shareholders.
d. Its shares of stock are freely transferable.
e. Its existence may be perpetual.
f. Its management is centralized.
g. In some cases, it is considered a person; and
h. In some cases, it is considered a citizen.
b.It owes its existence to a state, which also regulates it.
c. It provides limited liability to its shareholders.
d. Its shares of stock are freely transferable.
e. Its existence may be perpetual.
f. Its management is centralized.
g. In some cases, it is considered a person; and
h. In some cases, it is considered a citizen.
Learning Objectives
- Grasp the principal attributes and classifications of corporations.