Question

Under which of the following legal forms of organization, is ownership readily transferable?

A)

Limited partnership.

B)

Corporation.

C)

Partnerships.

D)

Sole proprietorships.

Answer 1

The ownership in a corporation is most readily transferable through the sale of stock, which is simpler than transferring ownership in other business forms.

Step-by-step explanation:

Ownership is most readily transferable in a corporation. A corporation allows for the issuance of stock, which can be bought and sold, thus making the transfer of ownership much easier compared to other forms of business organizations like sole proprietorships, partnerships, and limited partnerships. Unlike corporations, these other forms require more complex arrangements to transfer ownership, often necessitating legal documents or the approval of other partners.