Which form of business ownership is characterized by the ease of transferring ownership?Sole proprietorshipGeneral partnershipCorporationLimited liability partnership
Question
Which form of business ownership is characterized by the ease of transferring ownership?Sole proprietorshipGeneral partnershipCorporationLimited liability partnership
Solution
The form of business ownership that is characterized by the ease of transferring ownership is a Corporation. In a corporation, ownership is divided into shares of stock, which can be easily bought and sold, making the transfer of ownership relatively simple.
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