Property Ownership, Transfer of Title & Land Use 14.4 Flashcards
1
Q
Corporations are?
A
legal entities chartered under state law.
2
Q
Corporations are essentially?
A
An artificial person
3
Q
Corporations continue to exist until?
A
Formally dissolved and are managed and operated by a board of directors.
4
Q
Corporations provide shareholders with?
A
Limited Liability
