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