Question: 5 , 1 . 6 6 7 points Which statement concerning corporations is correct? Primary shareholders have unlimited liability for corporate debts. When the last
points
Which statement concerning corporations is correct?
Primary shareholders have unlimited liability for corporate debts.
When the last original owner dies or withdraws, the entity is terminated.
The entity can outlive all of its initial owners.
There are time limits placed on the transfer of ownership.
The ability to raise capital is limited to that of a general partnership.
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