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Question: Which of the following is not a characteristic of a corporation?


  1.  Separate legal entity
  2.  Limited liability of owners
  3.  Flexible ownership
  4.  Nontaxable entity

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4. Nontaxable entity

Nontaxable entity is not a characteristic of a corporation.

More information:

Some of the characteristics of a corporation is as follows:

  • Ownership
  • Separate entity
  • Limited liability
  • Management
  • Capital acquisition
  • Double taxation
  • Life span

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