asked 216k views
1 vote
Why do sole proprietorship and partnerships have limited life compared to a corporation

asked
User Saksham
by
8.2k points

1 Answer

4 votes

Answer:

A corporation does not expire upon the death of its shareholders, directors or officers. A corporation has many avenues to raise capital. It can sell shares of stock and create new types of stock, such as preferred stock, with different voting or profit characteristics.

Step-by-step explanation:

answered
User KamikazeCZ
by
8.0k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.