Identify each of the following organizational characteristics with the organizational form or forms with which it is associated

a) Easy to transfer ownership

S Corporation: Corporations are owned by shareholders who hold shares in the company. Thus, it is easy to transfer ownership through the sale of equity or shares.

b) Easy to raise funds

Corporations: Corporations are owned by more than two individuals which makes it easy for them to acquire capital or raise funds essential in starting up a business.

c) More owner control

Sole proprietorship: A sole proprietorship has more owner control since it is owned and supervised by a single individual.

d) Tax advantage

Sole Proprietorship and Partnerships: In both sole proprietorship and partnership, there is an advantage of not taxing the business instead the profits are taxed as personal income tax which avoids double taxation.

e) No personal legal liability

Corporations: Corporations are a legal entity which is distinct from the shareholder hence, no personal liability.