7. Identify (by letter) each of the following characteristics as being an advantage, a disadvantage, or not applicable t
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7. Identify (by letter) each of the following characteristics as being an advantage, a disadvantage, or not applicable t
7. Identify (by letter) each of the following characteristics as being an advantage, a disadvantage, or not applicable to the corporate form of business organization. A = Advantage D = Disadvantage N = Not Applicable 1. Separate legal entity 2. Taxable entity resulting in additional taxes 3. Continuous life 4. Unlimited liability of owners 5. Government regulation 6. Separation of ownership and management I 7. Ability to acquire capital 8. Ease of transfer of ownership Characteristics
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