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which of the following is not one of the five core characteristics of a business corporation? group of answer choices transferable shares centralized management under a board structure being the same as a llc (limited liability company) shared ownership by contributors of capital legal personality limited liability

User Maditya
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Final answer:

Being the same as an LLC (limited liability company) is not one of the five core characteristics of a business corporation; corporations and LLCs differ in tax treatment, organization, and ownership.

Step-by-step explanation:

The characteristic that is not one of the five core characteristics of a business corporation among the provided options is 'being the same as a LLC (limited liability company)'. A business corporation is recognized for having features such as transferable shares, a centralized management under a board structure, shared ownership by contributors of capital, a legal personality, and limited liability.

Each of these characteristics defines the corporate structure and distinguishes it from other business forms such as sole proprietorships, partnerships, and LLCs. While both corporations and LLCs offer limited liability to their owners, they differ in terms of tax treatment, organization, and ownership characteristics, which is why being the same as an LLC is not a characteristic of a corporation.

User Hetal Vora
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