Final answer:
Transferable ownership is the characteristic of a C corporation that allows it to be passed on to new owners after the original owners pass away.
Step-by-step explanation:
The characteristic of a C corporation that will make it possible to pass the corporation on to new owners after the original owners pass away is transferable ownership. Shareholders of a C corporation can transfer their stock, which represents ownership in the company. This transferable ownership feature provides a mechanism for the continuity of the corporation beyond the lives of the original owners. Stocks can be bought, sold, or bequeathed, allowing the corporation to continue operating and changing hands without impacting its existence or operations.
Transferable ownership means that the ownership of the corporation can be transferred from one person to another without disrupting the operations of the company. This is typically done through selling or transferring ownership shares, also known as stocks, to new owners.
When the original owners pass away, their ownership shares can be inherited by their heirs or sold to other individuals who are interested in becoming owners of the corporation.