Following is a list describing various features of the corporate form of organization. Match each feature with an appropriate descriptive term, and note whether this feature is an advantage or disadvantage of the corporate entity.

Terms:

Limited Liability 

Mutual Ownership 

Double Taxation 

Cost of regulation 

Perpetual Existence 

Publicly traded 

Transferability of Ownership

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The ability of a company to raise capital by issuing shares to the public The ability of an existing shareholder to sell shares without corporate approval The ability of the government to tax corporate earnings and dividends Periodic regulatory filings The ability of different individuals to pool resources The inability of creditors to pursue individual shareholders The life of the entity can exceed the life of the shareholders Term Advantage/Disadvantage Publicly traded Advantage