Answer:
The correct answer to the following question is that options II , III, and V are correct .
Explanation:
A corporation is that form of business operation where law has given corporation a separate legal entity and almost all the legal rights that an individual would enjoy except for the right to vote and some other limitations. Corporations are run by the appointed board of directors and in this modern world , this form of business operation is most advantageous because it provides a corporation the ability to raise capital from public, ability to transfer ownership ( by selling his shares ) and the limited liability of every person.
