Identify each of the following organizational characteristics with the business organizational form or forms with which it is associated.
(a) easier to transfer ownership. (b) easier to raise funds.(c) more owner control.(d) tax advantages.(e) no personal legal liability.

The correct answers are: (a) Corporation; (b) Corporation; (c) Sole Proprietorship; (d) Sole Proprietorship and Partnership; (e) Corporation.

Explanation:

A series of associated characteristics are identified, according to the Missouri Small Business and Technology Development Centers. Depending on the structure of the organization, it is divided into Sole Proprietorship, Partnerships, Corporations. For example, a corporation is a company, a group of people or an organization authorized to operate as a single entity (legal entity).

Registered corporations have legal personality and the owners are the shareholders, whose legal responsibility is limited to their investment. Generally the shareholders do not manage the corporation, it is common that they choose a board of directors to control the operations.

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